First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. increased its position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 28.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,828 shares of the company’s stock after acquiring an additional 2,398 shares during the period. Moors & Cabot Inc. owned approximately 0.23% of First Trust India NIFTY 50 Equal Weight ETF worth $702,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Archer Investment Corp grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 25.3% in the 3rd quarter. Archer Investment Corp now owns 117,098 shares of the company’s stock valued at $7,593,000 after acquiring an additional 23,610 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter valued at about $920,000. Cottonwood Capital Advisors LLC grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 14.8% in the third quarter. Cottonwood Capital Advisors LLC now owns 16,523 shares of the company’s stock valued at $1,071,000 after purchasing an additional 2,130 shares during the last quarter. Mach 1 Financial Group LLC increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.2% during the 3rd quarter. Mach 1 Financial Group LLC now owns 56,469 shares of the company’s stock worth $3,659,000 after purchasing an additional 3,798 shares in the last quarter. Finally, Crumly & Associates Inc. raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 6.9% during the 3rd quarter. Crumly & Associates Inc. now owns 148,788 shares of the company’s stock worth $9,647,000 after purchasing an additional 9,628 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NFTY stock opened at $58.73 on Friday. The stock’s 50 day moving average price is $61.63 and its 200 day moving average price is $60.87. The firm has a market cap of $276.03 million, a P/E ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $49.54 and a 1 year high of $65.90.

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.