Purus Wealth Management LLC Has $2.05 Million Stock Holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Purus Wealth Management LLC boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 0.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 34,011 shares of the company’s stock after buying an additional 266 shares during the quarter. First Trust India NIFTY 50 Equal Weight ETF accounts for 0.9% of Purus Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. Purus Wealth Management LLC’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $2,050,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NFTY. Marmo Financial Group LLC bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the first quarter valued at approximately $4,937,000. Csenge Advisory Group bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the first quarter valued at approximately $1,431,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in First Trust India NIFTY 50 Equal Weight ETF by 50.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 42,000 shares of the company’s stock valued at $2,537,000 after buying an additional 14,000 shares during the period. Ameritas Investment Partners Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the first quarter valued at approximately $483,000. Finally, Moors & Cabot Inc. bought a new stake in First Trust India NIFTY 50 Equal Weight ETF in the second quarter valued at approximately $508,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 0.1 %

NASDAQ:NFTY opened at $63.99 on Wednesday. The stock’s 50 day moving average price is $62.16 and its two-hundred day moving average price is $59.33. The firm has a market capitalization of $265.56 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 12-month low of $46.60 and a 12-month high of $64.23.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.0612 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.24 annualized dividend and a yield of 0.38%.

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.