Belpointe Asset Management LLC Has $432,000 Stock Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Belpointe Asset Management LLC cut its holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,712 shares of the company’s stock after selling 380 shares during the period. Belpointe Asset Management LLC’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $432,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFTY. Stifel Financial Corp increased its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 15,488 shares of the company’s stock valued at $1,004,000 after acquiring an additional 1,110 shares during the last quarter. MML Investors Services LLC raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.0% in the third quarter. MML Investors Services LLC now owns 20,420 shares of the company’s stock valued at $1,324,000 after purchasing an additional 1,343 shares during the period. Pine Valley Investments Ltd Liability Co lifted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 106.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 13,780 shares of the company’s stock worth $893,000 after buying an additional 7,110 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the 3rd quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock worth $250,000 after buying an additional 427 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 15,381.0% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 6,502 shares of the company’s stock valued at $364,000 after buying an additional 6,460 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NFTY opened at $55.51 on Thursday. The company has a market capitalization of $227.59 million, a PE ratio of 21.45 and a beta of 0.57. First Trust India NIFTY 50 Equal Weight ETF has a one year low of $51.57 and a one year high of $65.90. The company’s fifty day moving average price is $54.14 and its 200 day moving average price is $56.93.

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.