First Trust S&P REIT Index Fund (NYSEARCA:FRI) Trading 0.9% Higher – Here’s What Happened

First Trust S&P REIT Index Fund (NYSEARCA:FRIGet Free Report)’s stock price rose 0.9% on Monday . The company traded as high as $30.60 and last traded at $30.55. 22,660 shares were traded during trading, a decline of 29% from the average session volume of 31,698 shares. The stock had previously closed at $30.28.

First Trust S&P REIT Index Fund Trading Down 1.2%

The firm’s 50-day moving average is $31.84 and its two-hundred day moving average is $30.98. The stock has a market cap of $191.52 million, a price-to-earnings ratio of 35.23 and a beta of 0.93.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in First Trust S&P REIT Index Fund in the second quarter valued at $1,415,000. Gateway Wealth Partners LLC purchased a new stake in shares of First Trust S&P REIT Index Fund during the 1st quarter worth approximately $308,000. Fifth Third Bancorp acquired a new position in shares of First Trust S&P REIT Index Fund in the 1st quarter valued at $171,000. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust S&P REIT Index Fund in the 2nd quarter valued at $92,000. Finally, Western Wealth Management LLC purchased a new stake in First Trust S&P REIT Index Fund in the first quarter valued at $67,000.

First Trust S&P REIT Index Fund Company Profile

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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.

Further Reading

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