Prasad Wealth Partners LLC Has $1.36 Million Holdings in First Trust India NIFTY 50 Equal Weight ETF $NFTY

Prasad Wealth Partners LLC cut its stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 85.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,614 shares of the company’s stock after selling 128,274 shares during the period. Prasad Wealth Partners LLC owned about 0.64% of First Trust India NIFTY 50 Equal Weight ETF worth $1,356,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 2nd quarter worth approximately $69,000. Crumly & Associates Inc. raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.9% in the 2nd quarter. Crumly & Associates Inc. now owns 175,327 shares of the company’s stock worth $10,514,000 after buying an additional 6,550 shares in the last quarter. Private Client Services LLC increased its holdings in First Trust India NIFTY 50 Equal Weight ETF by 7.8% during the 2nd quarter. Private Client Services LLC now owns 25,194 shares of the company’s stock valued at $1,511,000 after purchasing an additional 1,818 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in First Trust India NIFTY 50 Equal Weight ETF by 10.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 42,559 shares of the company’s stock valued at $2,373,000 after purchasing an additional 3,852 shares in the last quarter. Finally, Coppell Advisory Solutions LLC increased its holdings in First Trust India NIFTY 50 Equal Weight ETF by 281.7% during the 1st quarter. Coppell Advisory Solutions LLC now owns 3,580 shares of the company’s stock valued at $207,000 after purchasing an additional 2,642 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

NFTY stock opened at $57.56 on Tuesday. The business has a fifty day moving average price of $57.59 and a 200 day moving average price of $57.74. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $51.57 and a fifty-two week high of $63.70. The stock has a market capitalization of $189.95 million, a price-to-earnings ratio of 24.33 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Profile

The First Trust India NIFTY 50 Equal Weight ETF (NFTY) is an exchange-traded fund that is based on the NIFTY 50 Equal Weight index. The fund tracks an equally weighted index of the 50 largest and most liquid Indian equity securities. NFTY was launched on Feb 14, 2012 and is managed by First Trust.