Archer Investment Corp Has $7.20 Million Stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Archer Investment Corp lifted its position in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,502 shares of the company’s stock after purchasing an additional 11,404 shares during the quarter. First Trust India NIFTY 50 Equal Weight ETF makes up about 1.9% of Archer Investment Corp’s investment portfolio, making the stock its 8th largest position. Archer Investment Corp’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $7,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CNB Bank bought a new position in First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth $42,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the 3rd quarter worth about $205,000. NBC Securities Inc. boosted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 36.6% during the 3rd quarter. NBC Securities Inc. now owns 3,790 shares of the company’s stock valued at $245,000 after acquiring an additional 1,016 shares in the last quarter. Synovus Financial Corp increased its stake in First Trust India NIFTY 50 Equal Weight ETF by 12.5% in the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock valued at $250,000 after acquiring an additional 427 shares during the period. Finally, Gentry Private Wealth LLC acquired a new position in First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth about $257,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Down 0.9 %

Shares of NFTY opened at $54.68 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a 12 month low of $53.90 and a 12 month high of $65.90. The stock has a market cap of $259.73 million, a price-to-earnings ratio of 24.18 and a beta of 0.72. The company has a 50-day moving average price of $56.42 and a two-hundred day moving average price of $59.90.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The business also recently declared 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.

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.