First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Shares Acquired by Synovus Financial Corp

Synovus Financial Corp boosted its stake in First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) by 12.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,848 shares of the company’s stock after buying an additional 427 shares during the period. Synovus Financial Corp’s holdings in First Trust India NIFTY 50 Equal Weight ETF were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NFTY. Pine Valley Investments Ltd Liability Co increased its holdings in shares of First Trust India NIFTY 50 Equal Weight ETF by 106.6% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 13,780 shares of the company’s stock worth $893,000 after acquiring an additional 7,110 shares during the period. MML Investors Services LLC increased its stake in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.0% in the third quarter. MML Investors Services LLC now owns 20,420 shares of the company’s stock valued at $1,324,000 after purchasing an additional 1,343 shares during the period. Stifel Financial Corp boosted its position in shares of First Trust India NIFTY 50 Equal Weight ETF by 7.7% during the third quarter. Stifel Financial Corp now owns 15,488 shares of the company’s stock worth $1,004,000 after buying an additional 1,110 shares during the period. Integrated Wealth Concepts LLC increased its position in First Trust India NIFTY 50 Equal Weight ETF by 1.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 67,031 shares of the company’s stock valued at $4,346,000 after acquiring an additional 876 shares during the period. Finally, Beck Capital Management LLC increased its position in First Trust India NIFTY 50 Equal Weight ETF by 2.1% in the 3rd quarter. Beck Capital Management LLC now owns 34,089 shares of the company’s stock valued at $2,210,000 after acquiring an additional 694 shares during the period.

First Trust India NIFTY 50 Equal Weight ETF Stock Performance

NASDAQ:NFTY opened at $56.76 on Thursday. First Trust India NIFTY 50 Equal Weight ETF has a 1 year low of $51.92 and a 1 year high of $65.90. The business has a fifty day moving average of $59.76 and a 200-day moving average of $61.09. The stock has a market cap of $266.77 million, a price-to-earnings ratio of 24.18 and a beta of 0.72.

First Trust India NIFTY 50 Equal Weight ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.7608 per share. The ex-dividend date of this dividend is Friday, December 13th.

About First Trust India NIFTY 50 Equal Weight ETF

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.