Ergawealth Advisors Inc. Raises Stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Ergawealth Advisors Inc. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,880 shares of the company’s stock after purchasing an additional 443 shares during the quarter. Ergawealth Advisors Inc.’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $553,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NFTY. Kestra Investment Management LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter valued at about $61,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter valued at about $205,000. Synovus Financial Corp boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 12.5% in the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock valued at $250,000 after buying an additional 427 shares during the last quarter. Gentry Private Wealth LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF in the third quarter valued at approximately $257,000. Finally, Capital Wealth Alliance LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter valued at approximately $249,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 1.1 %

Shares of NASDAQ NFTY opened at $52.74 on Friday. The business’s 50 day moving average price is $55.00 and its 200 day moving average price is $59.09. The firm has a market cap of $250.52 million, a P/E ratio of 22.12 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 52 week low of $52.74 and a 52 week high of $65.90.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.7608 dividend. The ex-dividend date of this dividend was Friday, December 13th.

First Trust India NIFTY 50 Equal Weight ETF Company 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.