First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Free Report)’s share price dropped 0.6% on Wednesday . The company traded as low as $60.13 and last traded at $60.48. Approximately 18,970 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 29,104 shares. The stock had previously closed at $60.84.
First Trust India NIFTY 50 Equal Weight ETF Stock Performance
The firm’s 50-day simple moving average is $60.86 and its 200-day simple moving average is $58.23. The company has a market capitalization of $250.99 million, a price-to-earnings ratio of 24.18 and a beta of 0.72.
First Trust India NIFTY 50 Equal Weight ETF Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.0612 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Thursday, June 27th.
Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF
About First Trust India NIFTY 50 Equal Weight ETF
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.
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