NBC Securities Inc. Grows Stock Holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

NBC Securities Inc. lifted its position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 36.6% during the third quarter, Holdings Channel reports. The institutional investor owned 3,790 shares of the company’s stock after buying an additional 1,016 shares during the quarter. NBC Securities Inc.’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $245,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NFTY. Clarus Wealth Advisors grew 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 purchasing an additional 196 shares during the last quarter. Purus Wealth Management LLC boosted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 0.8% in the 2nd quarter. Purus Wealth Management LLC now owns 34,011 shares of the company’s stock worth $2,050,000 after purchasing an additional 266 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 5.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 9,613 shares of the company’s stock worth $548,000 after purchasing an additional 504 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in First Trust India NIFTY 50 Equal Weight ETF by 10.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 13,807 shares of the company’s stock worth $786,000 after buying an additional 1,276 shares during the last quarter. Finally, Private Client Services LLC increased its position in First Trust India NIFTY 50 Equal Weight ETF by 14.1% during the 3rd quarter. Private Client Services LLC now owns 17,152 shares of the company’s stock valued at $1,112,000 after buying an additional 2,114 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NASDAQ NFTY opened at $62.39 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $46.60 and a fifty-two week high of $65.90. The company has a market cap of $290.11 million, a PE ratio of 24.18 and a beta of 0.72. The business has a 50-day simple moving average of $63.07 and a two-hundred day simple moving average of $60.41.

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.