First Trust S&P REIT Index Fund (NYSEARCA:FRI) Trading Up 0.7% – Here’s What Happened

Shares of First Trust S&P REIT Index Fund (NYSEARCA:FRI) were up 0.7% on Friday . The company traded as high as $27.18 and last traded at $27.13. Approximately 15,622 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 57,934 shares. The stock had previously closed at $26.95.

First Trust S&P REIT Index Fund Stock Performance

The stock has a market cap of $147.86 million, a price-to-earnings ratio of 31.57 and a beta of 0.97. The company has a 50-day simple moving average of $26.70 and a two-hundred day simple moving average of $27.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Perspectives Inc grew its holdings in First Trust S&P REIT Index Fund by 44.7% in the 1st quarter. Financial Perspectives Inc now owns 2,045 shares of the company’s stock valued at $56,000 after buying an additional 632 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in First Trust S&P REIT Index Fund during the first quarter worth about $57,000. NBC Securities Inc. raised its stake in First Trust S&P REIT Index Fund by 102,925.0% in the 1st quarter. NBC Securities Inc. now owns 4,121 shares of the company’s stock worth $113,000 after purchasing an additional 4,117 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in First Trust S&P REIT Index Fund by 2,316.7% in the 4th quarter. Jones Financial Companies Lllp now owns 7,685 shares of the company’s stock valued at $210,000 after purchasing an additional 7,367 shares during the period. Finally, Armis Advisers LLC acquired a new position in shares of First Trust S&P REIT Index Fund during the 4th quarter worth approximately $232,000.

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.