First Trust S&P REIT Index Fund (NYSEARCA:FRI) Trading Down 0% – What’s Next?

Shares of First Trust S&P REIT Index Fund (NYSEARCA:FRIGet Free Report) were down 0% during trading on Friday . The stock traded as low as $27.08 and last traded at $27.20. Approximately 19,631 shares traded hands during trading, a decline of 65% from the average daily volume of 55,434 shares. The stock had previously closed at $27.21.

First Trust S&P REIT Index Fund Stock Performance

The business’s fifty day moving average price is $27.81 and its two-hundred day moving average price is $28.44. The firm has a market capitalization of $155.04 million, a P/E ratio of 31.20 and a beta of 1.07.

Institutional Trading of First Trust S&P REIT Index Fund

A number of institutional investors have recently made changes to their positions in FRI. TCP Asset Management LLC acquired a new stake in First Trust S&P REIT Index Fund in the 4th quarter worth approximately $7,948,000. Cetera Investment Advisers raised its holdings in shares of First Trust S&P REIT Index Fund by 39.4% in the fourth quarter. Cetera Investment Advisers now owns 572,588 shares of the company’s stock worth $15,672,000 after buying an additional 161,849 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust S&P REIT Index Fund during the fourth quarter worth $2,083,000. Citadel Advisors LLC acquired a new stake in shares of First Trust S&P REIT Index Fund during the fourth quarter worth $1,599,000. Finally, Independent Advisor Alliance purchased a new stake in shares of First Trust S&P REIT Index Fund during the fourth quarter valued at $1,515,000.

About First Trust S&P REIT Index Fund

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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.

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