Prasad Wealth Partners LLC Takes Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Prasad Wealth Partners LLC bought a new stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 130,780 shares of the company’s stock, valued at approximately $7,322,000. First Trust India NIFTY 50 Equal Weight ETF makes up 2.4% of Prasad Wealth Partners LLC’s investment portfolio, making the stock its 14th biggest position. Prasad Wealth Partners LLC owned approximately 2.75% of First Trust India NIFTY 50 Equal Weight ETF as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 0.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 38,707 shares of the company’s stock valued at $2,167,000 after purchasing an additional 264 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% in the 3rd quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock valued at $250,000 after purchasing an additional 427 shares in the last quarter. Cottonwood Capital Advisors LLC raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.5% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 17,109 shares of the company’s stock valued at $958,000 after purchasing an additional 586 shares in the last quarter. Beck Capital Management LLC raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 2.1% in the 3rd 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 in the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 13.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $322,000 after purchasing an additional 696 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.1 %

NFTY opened at $53.59 on Tuesday. The firm has a market cap of $254.55 million, a price-to-earnings ratio of 22.12 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $53.35 and a fifty-two week high of $65.90. The company’s 50-day moving average price is $55.25 and its 200 day moving average price is $59.24.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

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

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.