First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Stock Price Up 0.1% – Time to Buy?

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)’s stock price was up 0.1% on Friday . The company traded as high as $54.37 and last traded at $54.26. Approximately 2,241 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 31,060 shares. The stock had previously closed at $54.23.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 0.1%

The stock has a market cap of $116.66 million, a PE ratio of 24.33 and a beta of 0.44. The business’s 50-day moving average price is $54.08 and its 200-day moving average price is $53.90.

Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF

Several institutional investors and hedge funds have recently bought and sold shares of NFTY. Crumly & Associates Inc. increased its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.0% during the 2nd quarter. Crumly & Associates Inc. now owns 293,242 shares of the company’s stock valued at $15,775,000 after purchasing an additional 11,233 shares in the last quarter. OLD Mission Capital LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 977.1% during the fourth quarter. OLD Mission Capital LLC now owns 118,992 shares of the company’s stock worth $6,940,000 after buying an additional 107,945 shares in the last quarter. Jane Street Group LLC grew its position in First Trust India NIFTY 50 Equal Weight ETF by 348.1% during the second quarter. Jane Street Group LLC now owns 73,205 shares of the company’s stock valued at $4,390,000 after buying an additional 56,870 shares during the period. Susquehanna International Group LLP grew its position in First Trust India NIFTY 50 Equal Weight ETF by 156.3% during the third quarter. Susquehanna International Group LLP now owns 39,978 shares of the company’s stock valued at $2,276,000 after buying an additional 24,379 shares during the period. Finally, Merkkuri Wealth Advisors LLC increased its holdings in First Trust India NIFTY 50 Equal Weight ETF by 2.6% in the first quarter. Merkkuri Wealth Advisors LLC now owns 35,391 shares of the company’s stock valued at $1,823,000 after buying an additional 896 shares in the last quarter.

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.