Koshinski Asset Management Inc. lowered its position in First Trust Chindia ETF (NYSEARCA:FNI) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,024 shares of the company’s stock after selling 700 shares during the quarter. Koshinski Asset Management Inc. owned approximately 0.24% of First Trust Chindia ETF worth $253,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in shares of First Trust Chindia ETF in the 1st quarter worth approximately $178,000. Millennium Management LLC acquired a new position in shares of First Trust Chindia ETF in the 4th quarter worth approximately $237,000. Virtue Capital Management LLC acquired a new position in shares of First Trust Chindia ETF in the 1st quarter worth approximately $441,000. Finally, Somerset Group LLC raised its holdings in shares of First Trust Chindia ETF by 93.8% in the 1st quarter. Somerset Group LLC now owns 35,950 shares of the company’s stock worth $1,336,000 after buying an additional 17,402 shares in the last quarter.
Shares of FNI opened at $33.09 on Friday. First Trust Chindia ETF has a 52 week low of $29.74 and a 52 week high of $38.53. The business’s fifty day moving average price is $35.10 and its two-hundred day moving average price is $35.58.
First Trust ISE ChIndia Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the ISE ChIndia Index (the Index). The Index is a non-market capitalization weighted portfolio of 50 American depositary receipts (ADRs), American depositary shares (ADS) and/or stocks selected from a universe of all listed ADRs, ADSs, and/or stocks of companies from China and India trading on a United States exchange.
Further Reading: Equity Income
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