Commonwealth Equity Services LLC Grows Stock Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Commonwealth Equity Services LLC increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 5.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,384 shares of the company’s stock after purchasing an additional 1,178 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.45% of First Trust India NIFTY 50 Equal Weight ETF worth $1,197,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter worth $9,339,000. Prasad Wealth Partners LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter valued at about $7,322,000. Benjamin Edwards Inc. purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth about $3,866,000. Merit Financial Group LLC acquired a new position in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth about $3,197,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth about $1,062,000.

First Trust India NIFTY 50 Equal Weight ETF Trading Down 1.2 %

NFTY stock opened at $55.46 on Monday. The firm has a 50-day moving average of $54.20 and a two-hundred day moving average of $57.80. First Trust India NIFTY 50 Equal Weight ETF has a 12 month low of $51.57 and a 12 month high of $65.90. The company has a market cap of $263.44 million, a price-to-earnings ratio of 23.73 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.