First Trust S&P REIT Index Fund (NYSEARCA:FRI) Trading Down 1.3% – What’s Next?

First Trust S&P REIT Index Fund (NYSEARCA:FRIGet Free Report) fell 1.3% on Wednesday . The company traded as low as $27.18 and last traded at $27.33. 34,574 shares changed hands during trading, a decline of 59% from the average session volume of 84,660 shares. The stock had previously closed at $27.70.

First Trust S&P REIT Index Fund Price Performance

The stock has a 50 day simple moving average of $28.04 and a two-hundred day simple moving average of $28.46. The company has a market cap of $122.99 million, a price-to-earnings ratio of 27.98 and a beta of 1.01.

Institutional Investors Weigh In On First Trust S&P REIT Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRI. TCP Asset Management LLC purchased a new stake in First Trust S&P REIT Index Fund in the fourth quarter valued at $7,948,000. Crumly & Associates Inc. purchased a new stake in shares of First Trust S&P REIT Index Fund in the 3rd quarter valued at $4,355,000. International Assets Investment Management LLC raised its holdings in shares of First Trust S&P REIT Index Fund by 2,864.0% in the 3rd quarter. International Assets Investment Management LLC now owns 80,799 shares of the company’s stock valued at $2,395,000 after buying an additional 78,073 shares during the period. Cetera Investment Advisers raised its holdings in shares of First Trust S&P REIT Index Fund by 132.2% in the 2nd quarter. Cetera Investment Advisers now owns 75,209 shares of the company’s stock valued at $1,931,000 after buying an additional 42,823 shares during the period. Finally, RiverTree Advisors LLC purchased a new stake in shares of First Trust S&P REIT Index Fund in the 4th quarter valued at $1,080,000.

First Trust S&P REIT Index Fund Company Profile

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First Trust S&P REIT Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the S&P United States REIT Index (the Index). The Index measures the securitized United States real estate investment trust (REIT) market and maintains a constituency that reflects the composition of the overall REIT market.

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