Archer Investment Corp Acquires 4,743 Shares of First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY)

Archer Investment Corp increased its holdings in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,809 shares of the company’s stock after buying an additional 4,743 shares during the period. First Trust India NIFTY 50 Equal Weight ETF accounts for 1.4% of Archer Investment Corp’s investment portfolio, making the stock its 13th biggest position. Archer Investment Corp owned approximately 3.24% of First Trust India NIFTY 50 Equal Weight ETF worth $4,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MML Investors Services LLC lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 6.0% in the 2nd quarter. MML Investors Services LLC now owns 8,018 shares of the company’s stock worth $384,000 after purchasing an additional 451 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 5.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,103 shares of the company’s stock worth $540,000 after purchasing an additional 562 shares in the last quarter. Raymond James & Associates lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 2.3% in the 3rd quarter. Raymond James & Associates now owns 26,637 shares of the company’s stock worth $1,296,000 after purchasing an additional 592 shares in the last quarter. UBS Group AG lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 69.9% in the 1st quarter. UBS Group AG now owns 1,606 shares of the company’s stock worth $74,000 after purchasing an additional 661 shares in the last quarter. Finally, Crumly & Associates Inc. lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 0.4% in the 3rd quarter. Crumly & Associates Inc. now owns 188,746 shares of the company’s stock worth $9,181,000 after purchasing an additional 714 shares in the last quarter.

First Trust India NIFTY 50 Equal Weight ETF Trading Down 0.4 %

Shares of First Trust India NIFTY 50 Equal Weight ETF stock traded down $0.24 on Wednesday, hitting $55.73. 10,124 shares of the company traded hands, compared to its average volume of 30,589. The firm’s 50-day simple moving average is $56.73 and its 200 day simple moving average is $53.25. The company has a market cap of $189.48 million, a P/E ratio of 24.27 and a beta of 0.72. First Trust India NIFTY 50 Equal Weight ETF has a 12-month low of $42.80 and a 12-month high of $58.25.

First Trust India NIFTY 50 Equal Weight ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.0785 per share. This represents a $0.31 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, March 21st.

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.