First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Up 0.4%

First Trust S&P REIT Index Fund (NYSEARCA:FRI) shares traded up 0.4% on Wednesday . The company traded as high as $27.93 and last traded at $27.81. 14,082 shares traded hands during trading, a decline of 58% from the average session volume of 33,669 shares. The stock had previously closed at $27.71.

First Trust S&P REIT Index Fund Price Performance

The firm has a market capitalization of $125.15 million, a PE ratio of 27.98 and a beta of 1.01. The company has a 50-day moving average price of $26.40 and a 200-day moving average price of $25.61.

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

Several institutional investors have recently added to or reduced their stakes in FRI. International Assets Investment Management LLC acquired a new position in First Trust S&P REIT Index Fund during the fourth quarter worth approximately $2,910,000. Vestmark Advisory Solutions Inc. grew its stake in shares of First Trust S&P REIT Index Fund by 2.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 95,025 shares of the company’s stock valued at $2,493,000 after buying an additional 2,129 shares during the period. AE Wealth Management LLC increased its holdings 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 during the last quarter. Commonwealth Equity Services LLC raised its position in shares of First Trust S&P REIT Index Fund by 5.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 30,936 shares of the company’s stock worth $794,000 after buying an additional 1,503 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of First Trust S&P REIT Index Fund by 5.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 25,421 shares of the company’s stock worth $653,000 after buying an additional 1,273 shares during the period.

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.