First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Up 0.4% – Here’s Why

First Trust S&P REIT Index Fund (NYSEARCA:FRI) traded up 0.4% during trading on Friday . The stock traded as high as $28.35 and last traded at $28.31. 9,275 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 38,696 shares. The stock had previously closed at $28.21.

First Trust S&P REIT Index Fund Price Performance

The firm has a market capitalization of $150.04 million, a price-to-earnings ratio of 35.23 and a beta of 1.01. The business has a 50 day moving average of $27.90 and a 200 day moving average of $27.55.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MTM Investment Management LLC acquired a new stake in First Trust S&P REIT Index Fund in the 2nd quarter valued at about $49,000. Evolution Wealth Management Inc. acquired a new stake in shares of First Trust S&P REIT Index Fund in the second quarter valued at approximately $52,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of First Trust S&P REIT Index Fund in the second quarter valued at approximately $133,000. Private Advisor Group LLC bought a new position in shares of First Trust S&P REIT Index Fund during the 3rd quarter worth approximately $202,000. Finally, Orion Porfolio Solutions LLC bought a new position in shares of First Trust S&P REIT Index Fund during the third quarter worth approximately $217,000.

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.