CNB Bank Makes New $42,000 Investment in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

CNB Bank bought a new position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 650 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also bought and sold shares of the company. Clarus Wealth Advisors raised its holdings in First Trust India NIFTY 50 Equal Weight ETF by 3.1% in the second quarter. Clarus Wealth Advisors now owns 6,517 shares of the company’s stock worth $399,000 after buying an additional 196 shares during the last quarter. Purus Wealth Management LLC grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 0.8% in the second quarter. Purus Wealth Management LLC now owns 34,011 shares of the company’s stock worth $2,050,000 after acquiring an additional 266 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 5.7% in the third quarter. Cornerstone Wealth Management LLC now owns 5,048 shares of the company’s stock worth $327,000 after acquiring an additional 270 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 5.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 9,613 shares of the company’s stock worth $548,000 after acquiring an additional 504 shares during the period. Finally, NBC Securities Inc. grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 36.6% in 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.

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

Shares of NFTY stock opened at $62.39 on Monday. The company has a 50 day moving average price of $63.07 and a 200-day moving average price of $60.46. First Trust India NIFTY 50 Equal Weight ETF has a 52 week low of $46.60 and a 52 week high of $65.90. The firm has a market capitalization of $293.23 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.