Flow Traders U.S. LLC Has $981,000 Stock Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Flow Traders U.S. LLC lessened its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 61.7% in the third quarter, HoldingsChannel reports. The fund owned 15,128 shares of the company’s stock after selling 24,400 shares during the period. Flow Traders U.S. LLC’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CNB Bank bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter valued at $42,000. International Assets Investment Management LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the second quarter valued at about $135,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter valued at about $205,000. NBC Securities Inc. increased its position in First Trust India NIFTY 50 Equal Weight ETF by 36.6% during the third quarter. NBC Securities Inc. now owns 3,790 shares of the company’s stock worth $245,000 after acquiring an additional 1,016 shares during the period. Finally, Gentry Private Wealth LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter worth about $257,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.3 %

Shares of NASDAQ:NFTY opened at $59.02 on Tuesday. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $51.50 and a 12-month high of $65.90. The company’s 50 day moving average price is $61.13 and its two-hundred day moving average price is $61.03. The firm has a market cap of $277.39 million, a PE ratio of 24.18 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.