Cottonwood Capital Advisors LLC Buys 586 Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Cottonwood Capital Advisors LLC raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,109 shares of the company’s stock after acquiring an additional 586 shares during the period. Cottonwood Capital Advisors LLC’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC raised its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 13.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $322,000 after buying an additional 696 shares during the last quarter. Purus Wealth Management LLC increased its position in First Trust India NIFTY 50 Equal Weight ETF by 7.2% in the 4th quarter. Purus Wealth Management LLC now owns 37,645 shares of the company’s stock valued at $2,108,000 after acquiring an additional 2,529 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter worth about $3,197,000. Householder Group Estate & Retirement Specialist LLC lifted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 15,381.0% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 6,502 shares of the company’s stock worth $364,000 after purchasing an additional 6,460 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock valued at $250,000 after purchasing an additional 427 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NASDAQ NFTY opened at $54.92 on Friday. The stock has a fifty day moving average of $57.08 and a 200-day moving average of $60.32. The stock has a market capitalization of $260.87 million, a P/E ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 52 week low of $53.90 and a 52 week high of $65.90.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given 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.