StoneX Group Inc. Boosts Stock Holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

StoneX Group Inc. lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 12.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 141,786 shares of the company’s stock after purchasing an additional 16,003 shares during the period. First Trust India NIFTY 50 Equal Weight ETF comprises 0.8% of StoneX Group Inc.’s holdings, making the stock its 22nd biggest position. StoneX Group Inc. owned 3.02% of First Trust India NIFTY 50 Equal Weight ETF worth $9,193,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. CNB Bank bought a new stake in First Trust India NIFTY 50 Equal Weight ETF during the third quarter valued at about $42,000. International Assets Investment Management LLC bought a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the 2nd quarter valued at about $135,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the 3rd quarter worth approximately $205,000. NBC Securities Inc. raised its stake 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 worth $245,000 after acquiring an additional 1,016 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in First Trust India NIFTY 50 Equal Weight ETF by 5.7% during the third quarter. Cornerstone Wealth Management LLC now owns 5,048 shares of the company’s stock valued at $327,000 after acquiring an additional 270 shares during the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 2.2 %

Shares of NFTY opened at $58.73 on Friday. The company has a 50 day moving average of $61.63 and a two-hundred day moving average of $60.90. The company has a market cap of $276.03 million, a price-to-earnings ratio of 24.18 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $49.54 and a twelve month high of $65.90.

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.