First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Up 0.7% – Still a Buy?

Posted by Tyrone Williams on Nov 27th, 2024

Shares of First Trust S&P REIT Index Fund (NYSEARCA:FRI – Get Free Report) traded up 0.7% on Wednesday . The stock traded as high as $30.40 and last traded at $30.19. 28,776 shares were traded during mid-day trading, a decline of 41% from the average session volume of 48,379 shares. The stock had previously closed at $29.99.

First Trust S&P REIT Index Fund Stock Performance

The stock has a market capitalization of $135.86 million, a P/E ratio of 27.98 and a beta of 1.01. The stock has a 50-day simple moving average of $29.29 and a 200 day simple moving average of $27.69.

Institutional Trading of First Trust S&P REIT Index Fund

A number of institutional investors have recently modified their holdings of the company. Comerica Bank acquired a new position in shares of First Trust S&P REIT Index Fund in the first quarter valued at approximately $31,000. Financial Perspectives Inc bought a new stake in shares of First Trust S&P REIT Index Fund during the 2nd quarter worth $36,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust S&P REIT Index Fund in the 2nd quarter valued at approximately $70,000. GAMMA Investing LLC acquired a new position in shares of First Trust S&P REIT Index Fund during the second quarter worth $104,000. Finally, Private Advisor Group LLC acquired a new stake in shares of First Trust S&P REIT Index Fund during the third quarter valued at about $218,000.

First Trust S&P REIT Index Fund Company Profile

(Get Free Report)

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.