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

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

First Trust S&P REIT Index Fund Price Performance

The stock has a market cap of $135.86 million, a price-to-earnings ratio of 27.98 and a beta of 1.01. The business has a fifty day moving average of $29.31 and a 200 day moving average of $27.72.

Institutional Investors Weigh In On First Trust S&P REIT Index Fund

A number of large investors have recently added to or reduced their stakes in FRI. Comerica Bank acquired a new position in First Trust S&P REIT Index Fund during the 1st quarter worth $31,000. Virtu Financial LLC acquired a new position in shares of First Trust S&P REIT Index Fund during the 1st quarter worth about $260,000. Cetera Advisors LLC boosted its stake in First Trust S&P REIT Index Fund by 47.7% during the 1st quarter. Cetera Advisors LLC now owns 20,074 shares of the company’s stock valued at $522,000 after purchasing an additional 6,487 shares during the period. GAMMA Investing LLC acquired a new stake in First Trust S&P REIT Index Fund in the 2nd quarter valued at approximately $104,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in First Trust S&P REIT Index Fund by 2.1% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,019 shares of the company’s stock worth $591,000 after buying an additional 463 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.