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First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Plans Dividend Increase – $1.05 Per Share

kopsource ·  Dec 24, 2022 11:11

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Rating) declared a quarterly dividend on Thursday, December 22nd, Zacks reports. Shareholders of record on Tuesday, December 27th will be paid a dividend of 1.054 per share on Friday, December 30th. This represents a $4.22 dividend on an annualized basis and a yield of 9.82%. The ex-dividend date is Friday, December 23rd. This is a boost from First Trust India NIFTY 50 Equal Weight ETF's previous quarterly dividend of $0.23.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

Shares of NFTY opened at $42.93 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $40.00 and a 1 year high of $50.63. The stock's 50-day moving average price is $45.25 and its two-hundred day moving average price is $44.24.

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Hedge Funds Weigh In On First Trust India NIFTY 50 Equal Weight ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 207.2% during the third quarter. Citadel Advisors LLC now owns 31,885 shares of the company's stock worth $1,366,000 after buying an additional 21,507 shares during the last quarter. Flow Traders U.S. LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 123.2% during the first quarter. Flow Traders U.S. LLC now owns 19,427 shares of the company's stock worth $880,000 after buying an additional 10,725 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust India NIFTY 50 Equal Weight ETF by 15.5% during the second quarter. LPL Financial LLC now owns 19,055 shares of the company's stock worth $785,000 after buying an additional 2,553 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.1% during the 1st quarter. Raymond James & Associates now owns 15,967 shares of the company's stock valued at $732,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 148.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 10,159 shares of the company's stock valued at $441,000 after purchasing an additional 6,063 shares in the last quarter.

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