First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Down 1.8%

First Trust S&P REIT Index Fund (NYSEARCA:FRI) traded down 1.8% during trading on Wednesday . The stock traded as low as $26.93 and last traded at $26.93. 24,725 shares traded hands during trading, a decline of 18% from the average session volume of 30,012 shares. The stock had previously closed at $27.43.

First Trust S&P REIT Index Fund Price Performance

The stock has a market capitalization of $121.99 million, a P/E ratio of 27.98 and a beta of 1.01. The stock has a fifty day moving average price of $25.78 and a 200 day moving average price of $25.45.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FRI. Comerica Bank bought a new position in shares of First Trust S&P REIT Index Fund during the 1st quarter valued at about $31,000. GAMMA Investing LLC purchased a new position in First Trust S&P REIT Index Fund during the 2nd quarter valued at $104,000. Register Financial Advisors LLC bought a new position in First Trust S&P REIT Index Fund in the first quarter worth about $121,000. Janney Montgomery Scott LLC lifted its stake in shares of First Trust S&P REIT Index Fund by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,000 shares of the company’s stock valued at $234,000 after purchasing an additional 500 shares during the period. Finally, Stratos Wealth Advisors LLC bought a new stake in shares of First Trust S&P REIT Index Fund during the 4th quarter valued at $235,000.

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.