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

Migdal Insurance & Financial Holdings Ltd. reduced its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 47.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,000 shares of the company’s stock after selling 20,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.46% of First Trust India NIFTY 50 Equal Weight ETF worth $1,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFTY. Marmo Financial Group LLC grew its position in First Trust India NIFTY 50 Equal Weight ETF by 77.7% during the third quarter. Marmo Financial Group LLC now owns 186,015 shares of the company’s stock worth $12,061,000 after buying an additional 81,351 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter valued at approximately $3,866,000. Merit Financial Group LLC purchased a new position in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth approximately $3,197,000. Archer Investment Corp raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 25.3% during the third quarter. Archer Investment Corp now owns 117,098 shares of the company’s stock worth $7,593,000 after purchasing an additional 23,610 shares during the period. Finally, StoneX Group Inc. raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 12.7% during the third quarter. StoneX Group Inc. now owns 141,786 shares of the company’s stock worth $9,193,000 after purchasing an additional 16,003 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 0.9 %

NASDAQ:NFTY opened at $54.68 on Friday. The firm’s 50 day moving average is $56.42 and its two-hundred day moving average is $59.90. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $53.90 and a fifty-two week high of $65.90. The company has a market cap of $259.73 million, a P/E ratio of 24.18 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.7608 dividend. 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.