First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Price Up 1% – What’s Next?

First Trust S&P REIT Index Fund (NYSEARCA:FRI)’s stock price rose 1% on Monday . The stock traded as high as $30.78 and last traded at $30.72. Approximately 11,799 shares traded hands during trading, a decline of 60% from the average daily volume of 29,164 shares. The stock had previously closed at $30.42.

First Trust S&P REIT Index Fund Stock Performance

The firm has a market capitalization of $166.71 million, a price-to-earnings ratio of 35.23 and a beta of 0.97. The business has a fifty day moving average of $29.79 and a two-hundred day moving average of $28.77.

Institutional Trading of First Trust S&P REIT Index Fund

A number of hedge funds have recently modified their holdings of FRI. Royal Bank of Canada boosted its holdings in shares of First Trust S&P REIT Index Fund by 265.4% during the fourth quarter. Royal Bank of Canada now owns 149,934 shares of the company’s stock worth $4,095,000 after acquiring an additional 108,899 shares during the period. TrueWealth Financial Partners bought a new stake in First Trust S&P REIT Index Fund in the 4th quarter valued at $2,942,000. Susquehanna International Group LLP acquired a new position in First Trust S&P REIT Index Fund in the 3rd quarter valued at $1,432,000. Raymond James Financial Inc. grew its holdings in First Trust S&P REIT Index Fund by 60.3% in the 2nd quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock valued at $2,989,000 after buying an additional 41,547 shares in the last quarter. Finally, TCP Asset Management LLC increased its position in First Trust S&P REIT Index Fund by 11.0% during the 4th quarter. TCP Asset Management LLC now owns 380,093 shares of the company’s stock worth $10,380,000 after buying an additional 37,570 shares during the period.

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.