First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Stock Price Breaks Above 50-Day Moving Average – Time to Sell?

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) shares crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $52.22 and traded as high as $52.42. First Trust India NIFTY 50 Equal Weight ETF shares last traded at $52.39, with a volume of 16,327 shares traded.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

The company has a market capitalization of $102.16 million, a price-to-earnings ratio of 24.33 and a beta of 0.46. The company has a 50-day moving average price of $52.22 and a 200-day moving average price of $53.84.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NFTY. Private Client Services LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth $1,314,000. Crumly & Associates Inc. grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.0% in the 2nd quarter. Crumly & Associates Inc. now owns 293,242 shares of the company’s stock valued at $15,775,000 after buying an additional 11,233 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 4.4% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 20,053 shares of the company’s stock valued at $1,033,000 after buying an additional 850 shares during the period. Gateway Wealth Partners LLC increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 111.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 8,576 shares of the company’s stock valued at $442,000 after buying an additional 4,519 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 450.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock valued at $54,000 after buying an additional 753 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Company 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.