Geneos Wealth Management Inc. Acquires 5,125 Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Geneos Wealth Management Inc. lifted its position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 3,416.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,275 shares of the company’s stock after acquiring an additional 5,125 shares during the period. Geneos Wealth Management Inc. owned 0.15% of First Trust India NIFTY 50 Equal Weight ETF worth $300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFTY. Private Trust Co. NA purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 4th quarter worth $208,000. Private Client Services LLC bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the fourth quarter valued at approximately $286,000. Trilogy Capital Inc. bought a new position in First Trust India NIFTY 50 Equal Weight ETF in the first quarter worth approximately $316,000. Clarus Wealth Advisors bought a new position in First Trust India NIFTY 50 Equal Weight ETF in the fourth quarter worth approximately $403,000. Finally, Atria Wealth Solutions Inc. lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 28.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 9,070 shares of the company’s stock worth $490,000 after buying an additional 2,032 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.2 %

First Trust India NIFTY 50 Equal Weight ETF stock opened at $61.32 on Friday. The firm has a market cap of $248.35 million, a P/E ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $46.60 and a twelve month high of $61.38. The business has a fifty day moving average of $58.83 and a two-hundred day moving average of $56.97.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.0612 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Thursday, June 27th.

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.