First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Stake Cut by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. cut its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,875 shares of the company’s stock after selling 172 shares during the quarter. Benjamin F. Edwards & Company Inc. owned 0.96% of First Trust India NIFTY 50 Equal Weight ETF worth $2,404,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF in the second quarter worth $135,000. Geneos Wealth Management Inc. increased its position in 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 buying an additional 5,125 shares during the period. Trilogy Capital Inc. acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF in the first quarter worth $316,000. Clarus Wealth Advisors increased its position in First Trust India NIFTY 50 Equal Weight ETF by 3.1% in the second quarter. Clarus Wealth Advisors now owns 6,517 shares of the company’s stock worth $399,000 after buying an additional 196 shares during the period. Finally, Pine Valley Investments Ltd Liability Co acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF in the second quarter worth $402,000.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NASDAQ NFTY opened at $64.76 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $46.60 and a 1-year high of $64.99. The business’s fifty day moving average price is $62.32 and its two-hundred day moving average price is $59.44. The firm has a market capitalization of $268.75 million, a PE ratio of 24.18 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

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

About First Trust India NIFTY 50 Equal Weight ETF

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.