First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Stake Boosted by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,628 shares of the company’s stock after purchasing an additional 286 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Benjamin Edwards Inc. bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter valued at about $3,866,000. Beck Capital Management LLC grew its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 2.1% during the third quarter. Beck Capital Management LLC now owns 34,089 shares of the company’s stock valued at $2,210,000 after purchasing an additional 694 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 1.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 67,031 shares of the company’s stock worth $4,346,000 after purchasing an additional 876 shares during the period. Stifel Financial Corp lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.7% in the 3rd quarter. Stifel Financial Corp now owns 15,488 shares of the company’s stock worth $1,004,000 after purchasing an additional 1,110 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 7.0% during the 3rd quarter. MML Investors Services LLC now owns 20,420 shares of the company’s stock valued at $1,324,000 after purchasing an additional 1,343 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NFTY opened at $56.38 on Wednesday. First Trust India NIFTY 50 Equal Weight ETF has a 12 month low of $51.57 and a 12 month high of $65.90. The stock has a fifty day moving average price of $54.15 and a 200 day moving average price of $57.95. The company has a market cap of $267.81 million, a P/E ratio of 22.78 and a beta of 0.72.

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.