Merkkuri Wealth Advisors LLC Has $2.04 Million Stock Holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Merkkuri Wealth Advisors LLC raised its holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 31,386 shares of the company’s stock after acquiring an additional 2,522 shares during the quarter. First Trust India NIFTY 50 Equal Weight ETF makes up about 1.7% of Merkkuri Wealth Advisors LLC’s portfolio, making the stock its 16th largest holding. Merkkuri Wealth Advisors LLC owned about 0.67% of First Trust India NIFTY 50 Equal Weight ETF worth $2,035,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Marmo Financial Group LLC acquired a new stake in First Trust India NIFTY 50 Equal Weight ETF in the first quarter valued at $4,937,000. Beck Capital Management LLC acquired a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the second quarter valued at about $2,013,000. Csenge Advisory Group bought a new position in shares of First Trust India NIFTY 50 Equal Weight ETF during the first quarter worth about $1,431,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 50.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 42,000 shares of the company’s stock worth $2,537,000 after acquiring an additional 14,000 shares during the last quarter. Finally, Ergawealth Advisors Inc. acquired a new position in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth approximately $612,000.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

First Trust India NIFTY 50 Equal Weight ETF stock opened at $60.40 on Friday. The firm has a market cap of $283.88 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 52-week low of $46.60 and a 52-week high of $65.90. The firm has a 50 day moving average price of $63.06 and a two-hundred day moving average price of $60.52.

First Trust India NIFTY 50 Equal Weight ETF Company 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.