Benjamin Edwards Inc. Invests $3.87 Million in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Benjamin Edwards Inc. purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 59,596 shares of the company’s stock, valued at approximately $3,866,000.

A number of other large investors have also recently added to or reduced their stakes in NFTY. Regal Investment Advisors LLC raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.1% in the 2nd quarter. Regal Investment Advisors LLC now owns 114,346 shares of the company’s stock valued at $6,893,000 after purchasing an additional 4,554 shares in the last quarter. Milestone Asset Management LLC bought a new position in First Trust India NIFTY 50 Equal Weight ETF during the 2nd quarter worth approximately $450,000. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 14.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 46,631 shares of the company’s stock worth $2,811,000 after acquiring an additional 5,893 shares in the last quarter. Archer Investment Corp grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 5.4% in the 2nd quarter. Archer Investment Corp now owns 93,488 shares of the company’s stock worth $5,635,000 after acquiring an additional 4,766 shares in the last quarter. Finally, Private Client Services LLC increased its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 14.1% in the 3rd quarter. Private Client Services LLC now owns 17,152 shares of the company’s stock valued at $1,112,000 after acquiring an additional 2,114 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NFTY opened at $59.12 on Wednesday. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $51.50 and a 12-month high of $65.90. The business’s fifty day moving average price is $61.01 and its 200 day moving average price is $61.04. The stock has a market capitalization of $277.86 million, a PE ratio of 24.18 and a beta of 0.72.

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.