Purus Wealth Management LLC Raises Stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Purus Wealth Management LLC grew its stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,645 shares of the company’s stock after purchasing an additional 2,529 shares during the period. First Trust India NIFTY 50 Equal Weight ETF makes up approximately 0.8% of Purus Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Purus Wealth Management LLC’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $2,108,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Merit Financial Group LLC purchased a new position in First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter worth about $3,197,000. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 15,381.0% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 6,502 shares of the company’s stock worth $364,000 after buying an additional 6,460 shares in the last quarter. Synovus Financial Corp raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the 3rd quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock worth $250,000 after buying an additional 427 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 106.6% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 13,780 shares of the company’s stock valued at $893,000 after buying an additional 7,110 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in First Trust India NIFTY 50 Equal Weight ETF by 7.0% during the third quarter. MML Investors Services LLC now owns 20,420 shares of the company’s stock worth $1,324,000 after acquiring an additional 1,343 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

First Trust India NIFTY 50 Equal Weight ETF stock opened at $55.00 on Monday. The company has a market cap of $261.25 million, a P/E ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a one year low of $53.37 and a one year high of $65.90. The business has a fifty day moving average of $57.44 and a two-hundred day moving average of $60.52.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.7608 dividend. The ex-dividend date was Friday, December 13th.

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.