First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Down 0.4% – What’s Next?

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was down 0.4% during mid-day trading on Tuesday . The company traded as low as $26.83 and last traded at $26.93. Approximately 54,991 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 163,923 shares. The stock had previously closed at $27.05.

First Trust S&P REIT Index Fund Price Performance

The firm has a fifty day moving average price of $28.55 and a 200 day moving average price of $28.29. The firm has a market capitalization of $121.32 million, a PE ratio of 27.98 and a beta of 1.01.

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

Hedge funds have recently bought and sold shares of the company. Financial Perspectives Inc bought a new position in First Trust S&P REIT Index Fund during the 2nd quarter valued at about $36,000. Private Advisor Group LLC bought a new position in First Trust S&P REIT Index Fund in the 3rd quarter worth approximately $218,000. Private Trust Co. NA raised its position in shares of First Trust S&P REIT Index Fund by 3.7% during the third quarter. Private Trust Co. NA now owns 10,603 shares of the company’s stock worth $314,000 after acquiring an additional 374 shares during the last quarter. Maia Wealth LLC acquired a new position in shares of First Trust S&P REIT Index Fund in the 3rd quarter valued at $370,000. Finally, L.M. Kohn & Company acquired a new position in First Trust S&P REIT Index Fund in the third quarter valued at about $400,000.

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.