Kestra Investment Management LLC Takes Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Kestra Investment Management LLC acquired a new position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,094 shares of the company’s stock, valued at approximately $61,000.

A number of other hedge funds also recently bought and sold shares of NFTY. Wealth Enhancement Advisory Services LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter valued at about $205,000. Capital Wealth Alliance LLC bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter valued at approximately $249,000. Synovus Financial Corp increased its holdings in First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock valued at $250,000 after buying an additional 427 shares during the last quarter. Gentry Private Wealth LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF during the third quarter valued at approximately $257,000. Finally, Cornerstone Wealth Management LLC raised its position in First Trust India NIFTY 50 Equal Weight ETF by 13.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,744 shares of the company’s stock worth $322,000 after acquiring an additional 696 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NFTY stock opened at $53.54 on Friday. The company has a market cap of $254.32 million, a price-to-earnings ratio of 22.12 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $53.52 and a 1 year high of $65.90. The firm has a fifty day moving average price of $55.35 and a 200-day moving average price of $59.32.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.7608 per share. The ex-dividend date was Friday, December 13th.

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.