LPL Financial LLC Increases Stock Holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

LPL Financial LLC boosted its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,059 shares of the company’s stock after acquiring an additional 6,171 shares during the period. LPL Financial LLC owned 4.67% of First Trust India NIFTY 50 Equal Weight ETF worth $12,433,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFTY. Stifel Financial Corp grew its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 15,488 shares of the company’s stock valued at $1,004,000 after purchasing an additional 1,110 shares in the last quarter. Raymond James Financial Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter valued at $9,339,000. Commonwealth Equity Services LLC grew its position in First Trust India NIFTY 50 Equal Weight ETF by 5.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,384 shares of the company’s stock worth $1,197,000 after buying an additional 1,178 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter worth about $153,000. Finally, Moors & Cabot Inc. raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.0% in the 4th quarter. Moors & Cabot Inc. now owns 11,584 shares of the company’s stock valued at $649,000 after acquiring an additional 756 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 0.9 %

Shares of NASDAQ NFTY opened at $55.86 on Thursday. The business has a 50-day moving average of $54.25 and a 200-day moving average of $57.67. The firm has a market capitalization of $265.34 million, a price-to-earnings ratio of 23.73 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 12 month low of $51.57 and a 12 month high of $65.90.

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.