First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Price Down 0.1%

First Trust S&P REIT Index Fund (NYSEARCA:FRI)’s share price was down 0.1% during trading on Wednesday . The stock traded as low as $25.56 and last traded at $25.58. Approximately 7,209 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 26,000 shares. The stock had previously closed at $25.61.

First Trust S&P REIT Index Fund Stock Performance

The company has a market cap of $115.38 million, a P/E ratio of 27.98 and a beta of 1.01. The stock has a 50-day simple moving average of $25.21 and a 200 day simple moving average of $25.40.

Hedge Funds Weigh In On First Trust S&P REIT Index Fund

A number of hedge funds have recently made changes to their positions in FRI. Comerica Bank acquired a new stake in First Trust S&P REIT Index Fund in the 1st quarter valued at $31,000. GAMMA Investing LLC acquired a new stake in shares of First Trust S&P REIT Index Fund in the 2nd quarter valued at $104,000. Register Financial Advisors LLC acquired a new stake in shares of First Trust S&P REIT Index Fund in the 1st quarter valued at $121,000. Janney Montgomery Scott LLC grew its holdings in shares of First Trust S&P REIT Index Fund by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,000 shares of the company’s stock worth $234,000 after purchasing an additional 500 shares during the last quarter. Finally, Stratos Wealth Advisors LLC acquired a new stake in shares of First Trust S&P REIT Index Fund during the 4th quarter worth about $235,000.

First Trust S&P REIT Index Fund Company Profile

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.