First Trust S&P REIT Index Fund (NYSEARCA:FRI – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $30.45 and traded as high as $30.55. First Trust S&P REIT Index Fund shares last traded at $30.50, with a volume of 22,961 shares.
First Trust S&P REIT Index Fund Stock Up 2.1%
The stock’s 50 day moving average is $30.46 and its two-hundred day moving average is $30.45. The company has a market capitalization of $201.30 million, a PE ratio of 35.23 and a beta of 0.94.
Institutional Investors Weigh In On First Trust S&P REIT Index Fund
A number of large investors have recently made changes to their positions in the stock. Western Wealth Management LLC acquired a new stake in First Trust S&P REIT Index Fund during the 1st quarter worth about $67,000. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust S&P REIT Index Fund during the 2nd quarter valued at approximately $92,000. Fifth Third Bancorp acquired a new stake in shares of First Trust S&P REIT Index Fund in the first quarter valued at about $171,000. Encompass More Asset Management acquired a new stake in First Trust S&P REIT Index Fund in the 3rd quarter worth about $258,000. Finally, Kestra Advisory Services LLC increased its position in shares of First Trust S&P REIT Index Fund by 27.7% during the first quarter. Kestra Advisory Services LLC now owns 9,761 shares of the company’s stock worth $278,000 after purchasing an additional 2,118 shares in the last quarter.
About First Trust S&P REIT Index Fund
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. The Index contains securities selected for market representation according to geography and property type. All securities in the Index satisfy the Index’s liquidity, price and market capitalization requirements.
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