Transamerica Financial Advisors Inc. Decreases Stock Position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Transamerica Financial Advisors Inc. cut its stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,872 shares of the company’s stock after selling 591 shares during the period. Transamerica Financial Advisors Inc. owned about 0.10% of First Trust India NIFTY 50 Equal Weight ETF worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CNB Bank acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth about $42,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the second quarter worth about $135,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth about $205,000. NBC Securities Inc. increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 36.6% during the third quarter. NBC Securities Inc. now owns 3,790 shares of the company’s stock worth $245,000 after purchasing an additional 1,016 shares in the last quarter. Finally, Gentry Private Wealth LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF during the third quarter worth about $257,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NFTY opened at $58.89 on Wednesday. The business’s 50-day simple moving average is $61.54 and its 200-day simple moving average is $60.96. First Trust India NIFTY 50 Equal Weight ETF has a one year low of $49.54 and a one year high of $65.90. The stock has a market capitalization of $276.78 million, a P/E ratio of 24.18 and a beta of 0.72.

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.