Raymond James Financial Inc. Takes Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Raymond James Financial Inc. acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 166,803 shares of the company’s stock, valued at approximately $9,339,000. Raymond James Financial Inc. owned 3.51% of First Trust India NIFTY 50 Equal Weight ETF at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 0.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 38,707 shares of the company’s stock valued at $2,167,000 after purchasing an additional 264 shares during the period. Synovus Financial Corp raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% in the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock valued at $250,000 after purchasing an additional 427 shares during the period. Ergawealth Advisors Inc. raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.7% in the fourth quarter. Ergawealth Advisors Inc. now owns 9,880 shares of the company’s stock valued at $553,000 after purchasing an additional 443 shares during the period. Cottonwood Capital Advisors LLC raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.5% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 17,109 shares of the company’s stock valued at $958,000 after purchasing an additional 586 shares during the period. Finally, Beck Capital Management LLC grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 2.1% in the third quarter. Beck Capital Management LLC now owns 34,089 shares of the company’s stock valued at $2,210,000 after acquiring an additional 694 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NFTY stock opened at $55.61 on Friday. The company’s 50-day simple moving average is $54.07 and its 200 day simple moving average is $58.11. First Trust India NIFTY 50 Equal Weight ETF has a 52 week low of $51.57 and a 52 week high of $65.90. The company has a market capitalization of $264.15 million, a PE ratio of 22.78 and a beta of 0.72.

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.