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

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

First Trust S&P REIT Index Fund Price Performance

The company has a 50-day moving average of $28.60 and a 200 day moving average of $28.30. The company has a market cap of $121.19 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

Institutional investors and hedge funds have recently modified their holdings of the business. Crumly & Associates Inc. bought a new stake in shares of First Trust S&P REIT Index Fund during the third quarter valued at approximately $4,355,000. International Assets Investment Management LLC lifted 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 worth $2,395,000 after buying an additional 78,073 shares during the period. AE Wealth Management LLC grew its position in shares of First Trust S&P REIT Index Fund by 173.4% during the 2nd quarter. AE Wealth Management LLC now owns 73,814 shares of the company’s stock worth $1,895,000 after buying an additional 46,813 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust S&P REIT Index Fund by 132.2% during the second 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, Stifel Financial Corp raised its holdings in shares of First Trust S&P REIT Index Fund by 59.6% in the third quarter. Stifel Financial Corp now owns 96,567 shares of the company’s stock valued at $2,862,000 after acquiring an additional 36,063 shares in the last quarter.

About First Trust S&P REIT Index Fund

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.