Moors & Cabot Inc. Invests $508,000 in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Moors & Cabot Inc. purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,430 shares of the company’s stock, valued at approximately $508,000. Moors & Cabot Inc. owned approximately 0.20% of First Trust India NIFTY 50 Equal Weight ETF at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the second quarter valued at approximately $135,000. Geneos Wealth Management Inc. boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 3,416.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,275 shares of the company’s stock valued at $300,000 after buying an additional 5,125 shares during the last quarter. Trilogy Capital Inc. acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 1st quarter valued at $316,000. Clarus Wealth Advisors raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.1% during the second quarter. Clarus Wealth Advisors now owns 6,517 shares of the company’s stock worth $399,000 after acquiring an additional 196 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the second quarter valued at $402,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.5 %

First Trust India NIFTY 50 Equal Weight ETF stock opened at $63.84 on Friday. The business’s 50-day simple moving average is $62.21 and its 200 day simple moving average is $59.36. The stock has a market cap of $264.92 million, a price-to-earnings ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $46.60 and a 12-month high of $64.23.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.0612 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, June 27th.

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.