First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Up 1.6% – Here’s Why

First Trust S&P REIT Index Fund (NYSEARCA:FRI)’s share price rose 1.6% during trading on Friday . The company traded as high as $28.07 and last traded at $28.07. 15,573 shares were traded during mid-day trading, a decline of 61% from the average session volume of 39,786 shares. The stock had previously closed at $27.62.

First Trust S&P REIT Index Fund Stock Performance

The firm has a market capitalization of $148.77 million, a price-to-earnings ratio of 35.23 and a beta of 1.01. The company has a 50 day moving average price of $27.94 and a two-hundred day moving average price of $27.44.

Institutional Trading of First Trust S&P REIT Index Fund

Several institutional investors have recently modified their holdings of FRI. AE Wealth Management LLC lifted its stake in shares of First Trust S&P REIT Index Fund by 1.2% in the 3rd quarter. AE Wealth Management LLC now owns 85,305 shares of the company’s stock valued at $2,398,000 after purchasing an additional 1,006 shares during the last quarter. MTM Investment Management LLC acquired a new position in First Trust S&P REIT Index Fund in the second quarter valued at about $49,000. Envestnet Asset Management Inc. boosted its stake in First Trust S&P REIT Index Fund by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 39,325 shares of the company’s stock worth $1,064,000 after buying an additional 1,858 shares during the period. Evolution Wealth Management Inc. acquired a new stake in shares of First Trust S&P REIT Index Fund during the second quarter valued at about $52,000. Finally, Jones Financial Companies Lllp raised its stake in shares of First Trust S&P REIT Index Fund by 31.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 11,623 shares of the company’s stock valued at $324,000 after acquiring an additional 2,751 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.