Prasad Wealth Partners LLC Takes $7.32 Million Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Prasad Wealth Partners LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 130,780 shares of the company’s stock, valued at approximately $7,322,000. First Trust India NIFTY 50 Equal Weight ETF makes up about 2.4% of Prasad Wealth Partners LLC’s portfolio, making the stock its 14th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 0.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 38,707 shares of the company’s stock valued at $2,167,000 after acquiring an additional 264 shares in the last quarter. Synovus Financial Corp boosted its holdings in shares of 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 acquiring an additional 427 shares in the last quarter. Cottonwood Capital Advisors LLC boosted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.5% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 17,109 shares of the company’s stock valued at $958,000 after acquiring an additional 586 shares in the last quarter. Beck Capital Management LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 2.1% during the third quarter. Beck Capital Management LLC now owns 34,089 shares of the company’s stock worth $2,210,000 after buying an additional 694 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 13.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 5,744 shares of the company’s stock worth $322,000 after buying an additional 696 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NASDAQ:NFTY opened at $53.59 on Tuesday. The stock has a market capitalization of $254.55 million, a price-to-earnings ratio of 22.12 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $53.35 and a 1-year high of $65.90. The company has a 50 day moving average price of $55.25 and a 200 day moving average price of $59.24.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

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

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.