9,437 Shares in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Purchased by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,437 shares of the company’s stock, valued at approximately $612,000. Ergawealth Advisors Inc. owned about 0.20% of First Trust India NIFTY 50 Equal Weight ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NFTY. Trilogy Capital Inc. purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF during the first quarter worth about $316,000. Marmo Financial Group LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the first quarter worth about $4,937,000. Commonwealth Equity Services LLC increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 10.2% in the first quarter. Commonwealth Equity Services LLC now owns 13,807 shares of the company’s stock worth $786,000 after purchasing an additional 1,276 shares in the last quarter. Csenge Advisory Group purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the first quarter worth about $1,431,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3,416.7% in the first quarter. Geneos Wealth Management Inc. now owns 5,275 shares of the company’s stock worth $300,000 after purchasing an additional 5,125 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.2 %

NFTY opened at $60.40 on Friday. The company has a market capitalization of $283.88 million, a price-to-earnings ratio of 24.18 and a beta of 0.72. The firm has a 50-day moving average price of $63.06 and a 200-day moving average price of $60.52. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $46.60 and a twelve month high of $65.90.

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.