Raymond James & Associates reduced its position in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY – Get Rating) by 39.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,386 shares of the company's stock after selling 6,205 shares during the quarter. Raymond James & Associates owned approximately 0.89% of First Trust India NIFTY 50 Equal Weight ETF worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Great Valley Advisor Group Inc. purchased a new stake in shares of First Trust India NIFTY 50 Equal Weight ETF in the third quarter worth $987,000. Citadel Advisors LLC increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 57.4% during the second quarter. Citadel Advisors LLC now owns 10,378 shares of the company's stock valued at $428,000 after purchasing an additional 3,784 shares in the last quarter. LPL Financial LLC raised its stake 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 valued at $785,000 after buying an additional 2,553 shares during the last quarter. Cottonwood Capital Advisors LLC increased its stake in First Trust India NIFTY 50 Equal Weight ETF by 7.0% during the 2nd quarter. Cottonwood Capital Advisors LLC now owns 22,097 shares of the company's stock valued at $911,000 after purchasing an additional 1,446 shares in the last quarter. Finally, UBS Group AG lifted its position 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 valued at $74,000 after acquiring an additional 661 shares in the last quarter.
Get First Trust India NIFTY 50 Equal Weight ETF alerts:First Trust India NIFTY 50 Equal Weight ETF Stock Performance
Shares of First Trust India NIFTY 50 Equal Weight ETF stock opened at $43.08 on Friday. First Trust India NIFTY 50 Equal Weight ETF has a twelve month low of $40.00 and a twelve month high of $48.82. The company's 50 day moving average is $44.73 and its 200 day moving average is $44.75.
First Trust India NIFTY 50 Equal Weight ETF Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 27th were given a dividend of $1.054 per share. This represents a $4.22 annualized dividend and a dividend yield of 9.79%. This is an increase from First Trust India NIFTY 50 Equal Weight ETF's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, December 23rd.Further Reading
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