First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Price Down 1.4% – Should You Sell?

First Trust S&P REIT Index Fund (NYSEARCA:FRI)’s share price traded down 1.4% during mid-day trading on Monday . The stock traded as low as $30.67 and last traded at $30.73. 10,774 shares traded hands during trading, a decline of 61% from the average session volume of 27,651 shares. The stock had previously closed at $31.16.

First Trust S&P REIT Index Fund Trading Down 1.4%

The firm has a market cap of $164.41 million, a PE ratio of 35.23 and a beta of 0.96. The business’s 50-day simple moving average is $30.35 and its 200 day simple moving average is $29.09.

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

Large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in First Trust S&P REIT Index Fund during the 1st quarter valued at $235,000. Cerity Partners LLC lifted its stake in shares of First Trust S&P REIT Index Fund by 85.6% during the 2nd quarter. Cerity Partners LLC now owns 30,401 shares of the company’s stock worth $822,000 after purchasing an additional 14,018 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of First Trust S&P REIT Index Fund by 60.3% during the 2nd quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock worth $2,989,000 after purchasing an additional 41,547 shares during the last quarter. Jones Financial Companies Lllp boosted its position in First Trust S&P REIT Index Fund by 31.0% during the third quarter. Jones Financial Companies Lllp now owns 11,623 shares of the company’s stock valued at $324,000 after purchasing an additional 2,751 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in First Trust S&P REIT Index Fund by 5.9% in the third quarter. Envestnet Asset Management Inc. now owns 41,649 shares of the company’s stock valued at $1,171,000 after purchasing an additional 2,324 shares during the last quarter.

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. The Index contains securities selected for market representation according to geography and property type. All securities in the Index satisfy the Index’s liquidity, price and market capitalization requirements.