PNC Financial Services Group Inc. Invests $153,000 in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

PNC Financial Services Group Inc. purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,724 shares of the company’s stock, valued at approximately $153,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 0.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 38,707 shares of the company’s stock valued at $2,167,000 after purchasing an additional 264 shares during the period. Synovus Financial Corp lifted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 12.5% during the 3rd quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock worth $250,000 after buying an additional 427 shares in the last quarter. Ergawealth Advisors Inc. boosted its position in First Trust India NIFTY 50 Equal Weight ETF by 4.7% in the 4th quarter. Ergawealth Advisors Inc. now owns 9,880 shares of the company’s stock valued at $553,000 after buying an additional 443 shares during the period. Cottonwood Capital Advisors LLC grew its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 3.5% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 17,109 shares of the company’s stock worth $958,000 after acquiring an additional 586 shares in the last quarter. Finally, Beck Capital Management LLC increased its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 2.1% during the third quarter. Beck Capital Management LLC now owns 34,089 shares of the company’s stock worth $2,210,000 after acquiring an additional 694 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Stock Up 1.2 %

Shares of NASDAQ:NFTY opened at $56.30 on Tuesday. First Trust India NIFTY 50 Equal Weight ETF has a fifty-two week low of $51.57 and a fifty-two week high of $65.90. The stock has a market cap of $267.43 million, a price-to-earnings ratio of 22.78 and a beta of 0.72. The firm’s 50 day moving average price is $54.11 and its 200 day moving average price is $57.99.

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.