Marmo Financial Group LLC Acquires 81,351 Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Marmo Financial Group LLC lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 77.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,015 shares of the company’s stock after purchasing an additional 81,351 shares during the quarter. First Trust India NIFTY 50 Equal Weight ETF comprises about 6.4% of Marmo Financial Group LLC’s investment portfolio, making the stock its 7th biggest position. Marmo Financial Group LLC’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $12,061,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Beck Capital Management LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 2nd quarter worth about $2,013,000. Csenge Advisory Group purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 1st quarter worth about $1,431,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 50.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 42,000 shares of the company’s stock worth $2,537,000 after acquiring an additional 14,000 shares during the period. Ergawealth Advisors Inc. purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter worth about $612,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 1st quarter worth about $483,000.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of NFTY stock opened at $59.91 on Monday. The firm has a market cap of $281.58 million, a P/E ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 1-year low of $46.60 and a 1-year high of $65.90. The firm’s 50-day simple moving average is $63.02 and its 200-day simple moving average is $60.58.

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.