First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Price Down 0% – What’s Next?

First Trust S&P REIT Index Fund (NYSEARCA:FRI) was down 0% during mid-day trading on Wednesday . The company traded as low as $27.99 and last traded at $28.12. Approximately 29,782 shares traded hands during trading, a decline of 50% from the average daily volume of 59,843 shares. The stock had previously closed at $28.13.

First Trust S&P REIT Index Fund Price Performance

The company’s 50 day simple moving average is $27.55 and its 200 day simple moving average is $28.53. The stock has a market cap of $126.54 million, a P/E ratio of 27.98 and a beta of 1.01.

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

Several large investors have recently modified their holdings of the business. Private Advisor Group LLC bought a new stake in shares of First Trust S&P REIT Index Fund in the third quarter valued at about $218,000. International Assets Investment Management LLC lifted its stake in 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 acquiring an additional 78,073 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in First Trust S&P REIT Index Fund by 5.9% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 24,375 shares of the company’s stock worth $722,000 after acquiring an additional 1,356 shares during the last quarter. Maia Wealth LLC bought a new position in shares of First Trust S&P REIT Index Fund during the 3rd quarter worth approximately $370,000. Finally, Crumly & Associates Inc. acquired a new stake in shares of First Trust S&P REIT Index Fund in the third quarter valued at approximately $4,355,000.

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.