Gentry Private Wealth LLC Invests $257,000 in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Gentry Private Wealth LLC purchased a new position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) in the third quarter, Holdings Channel reports. The fund purchased 3,963 shares of the company’s stock, valued at approximately $257,000.

A number of other hedge funds have also made changes to their positions in NFTY. StoneX Group Inc. raised its position in First Trust India NIFTY 50 Equal Weight ETF by 12.7% during the third quarter. StoneX Group Inc. now owns 141,786 shares of the company’s stock valued at $9,193,000 after acquiring an additional 16,003 shares in the last quarter. Great Valley Advisor Group Inc. raised its position in First Trust India NIFTY 50 Equal Weight ETF by 1.5% during the third quarter. Great Valley Advisor Group Inc. now owns 160,414 shares of the company’s stock valued at $10,401,000 after acquiring an additional 2,447 shares in the last quarter. Moors & Cabot Inc. raised its position in First Trust India NIFTY 50 Equal Weight ETF by 28.4% during the third quarter. Moors & Cabot Inc. now owns 10,828 shares of the company’s stock valued at $702,000 after acquiring an additional 2,398 shares in the last quarter. Archer Investment Corp raised its position in First Trust India NIFTY 50 Equal Weight ETF by 25.3% during the third quarter. Archer Investment Corp now owns 117,098 shares of the company’s stock valued at $7,593,000 after acquiring an additional 23,610 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in First Trust India NIFTY 50 Equal Weight ETF during the third quarter valued at approximately $920,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NFTY opened at $58.73 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $49.54 and a twelve month high of $65.90. The firm’s 50 day moving average price is $61.63 and its 200 day moving average price is $60.90. The firm has a market cap of $276.03 million, a PE ratio of 24.18 and a beta of 0.72.

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.