Migdal Insurance & Financial Holdings Ltd. Cuts Stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Migdal Insurance & Financial Holdings Ltd. trimmed its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 15.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,800 shares of the company’s stock after selling 2,400 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $699,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFTY. First Trust Advisors LP grew its position in First Trust India NIFTY 50 Equal Weight ETF by 13.7% during the 1st quarter. First Trust Advisors LP now owns 1,389,372 shares of the company’s stock valued at $58,340,000 after purchasing an additional 167,860 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter valued at about $6,832,000. Jane Street Group LLC purchased a new stake in First Trust India NIFTY 50 Equal Weight ETF during the 1st quarter valued at about $3,397,000. Stratos Wealth Partners LTD. purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at about $2,670,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 4th quarter valued at about $2,659,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 0.1 %

Shares of NASDAQ NFTY opened at $55.89 on Thursday. The firm’s 50-day moving average price is $56.71 and its 200-day moving average price is $53.27. The company has a market cap of $190.03 million, a PE ratio of 24.27 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $42.80 and a 52-week high of $58.25.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.0785 per share. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Thursday, March 21st.

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.