Belpointe Asset Management LLC Has $404,000 Holdings in First Trust India NIFTY 50 Equal Weight ETF $NFTY

Belpointe Asset Management LLC cut its holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 9.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,745 shares of the company’s stock after selling 735 shares during the period. Belpointe Asset Management LLC owned approximately 0.19% of First Trust India NIFTY 50 Equal Weight ETF worth $404,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kestra Advisory Services LLC grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.5% in the first quarter. Kestra Advisory Services LLC now owns 186,143 shares of the company’s stock valued at $10,379,000 after acquiring an additional 12,911 shares in the last quarter. Crumly & Associates Inc. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.9% in the second quarter. Crumly & Associates Inc. now owns 175,327 shares of the company’s stock valued at $10,514,000 after acquiring an additional 6,550 shares in the last quarter. Archer Investment Corp grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.0% in the first quarter. Archer Investment Corp now owns 137,452 shares of the company’s stock valued at $7,664,000 after acquiring an additional 8,950 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.9% in the first quarter. Cetera Investment Advisers now owns 81,327 shares of the company’s stock valued at $4,535,000 after acquiring an additional 3,813 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 90.9% in the first quarter. Geneos Wealth Management Inc. now owns 73,896 shares of the company’s stock valued at $4,120,000 after acquiring an additional 35,189 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NFTY stock opened at $57.82 on Friday. The company’s 50-day simple moving average is $57.64 and its 200 day simple moving average is $57.76. First Trust India NIFTY 50 Equal Weight ETF has a 52 week low of $51.57 and a 52 week high of $63.62. The company has a market capitalization of $190.81 million, a PE ratio of 24.33 and a beta of 0.72.

About First Trust India NIFTY 50 Equal Weight ETF

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.