Raymond James Financial Inc. Purchases New Shares in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Raymond James Financial Inc. acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 166,803 shares of the company’s stock, valued at approximately $9,339,000.

A number of other large investors have also recently bought and sold shares of the company. Gentry Private Wealth LLC grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 33.4% during the fourth quarter. Gentry Private Wealth LLC now owns 5,286 shares of the company’s stock worth $296,000 after buying an additional 1,323 shares in the last quarter. Ergawealth Advisors Inc. grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 4.7% during the fourth quarter. Ergawealth Advisors Inc. now owns 9,880 shares of the company’s stock worth $553,000 after buying an additional 443 shares in the last quarter. Prasad Wealth Partners LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth about $7,322,000. Crumly & Associates Inc. grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 3.2% during the fourth quarter. Crumly & Associates Inc. now owns 153,556 shares of the company’s stock worth $8,598,000 after buying an additional 4,768 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth about $61,000.

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

Shares of First Trust India NIFTY 50 Equal Weight ETF stock opened at $55.61 on Friday. The company has a market capitalization of $264.15 million, a price-to-earnings ratio of 22.78 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $51.57 and a 12-month high of $65.90. The firm’s 50-day moving average price is $54.07 and its two-hundred day moving average price is $58.11.

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.