Moors & Cabot Inc. Acquires 756 Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Moors & Cabot Inc. lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,584 shares of the company’s stock after buying an additional 756 shares during the quarter. Moors & Cabot Inc. owned approximately 0.24% of First Trust India NIFTY 50 Equal Weight ETF worth $649,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Kestra Investment Management LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter worth about $61,000. PNC Financial Services Group Inc. purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter worth approximately $153,000. Capital Wealth Alliance LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter worth approximately $249,000. Synovus Financial Corp increased its position in First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the 3rd quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock valued at $250,000 after buying an additional 427 shares in the last quarter. Finally, Gentry Private Wealth LLC purchased a new position in First Trust India NIFTY 50 Equal Weight ETF during the third quarter valued at $257,000.

First Trust India NIFTY 50 Equal Weight ETF Trading Up 0.8 %

NASDAQ NFTY opened at $52.98 on Friday. 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 stock’s fifty day moving average price is $54.17 and its 200-day moving average price is $58.40. The stock has a market cap of $251.66 million, a P/E 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.