First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Price Down 1.4% – Here’s Why

First Trust S&P REIT Index Fund (NYSEARCA:FRI) shares traded down 1.4% on Monday . The stock traded as low as $30.67 and last traded at $30.73. 10,774 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 27,651 shares. The stock had previously closed at $31.16.

First Trust S&P REIT Index Fund Stock Up 0.2%

The business has a 50-day moving average price of $30.42 and a 200-day moving average price of $29.12. The firm has a market capitalization of $168.58 million, a price-to-earnings ratio of 35.23 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its stake in First Trust S&P REIT Index Fund by 0.5% during the 1st quarter. Cetera Investment Advisers now owns 497,818 shares of the company’s stock valued at $14,168,000 after purchasing an additional 2,350 shares during the last quarter. TCP Asset Management LLC boosted its holdings in shares of First Trust S&P REIT Index Fund by 11.0% in the 4th quarter. TCP Asset Management LLC now owns 380,093 shares of the company’s stock valued at $10,380,000 after acquiring an additional 37,570 shares during the last quarter. Royal Bank of Canada increased its stake in shares of First Trust S&P REIT Index Fund by 265.4% in 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. Raymond James Financial Inc. raised its holdings in shares of First Trust S&P REIT Index Fund by 60.3% during the second quarter. Raymond James Financial Inc. now owns 110,493 shares of the company’s stock worth $2,989,000 after purchasing an additional 41,547 shares during the last quarter. Finally, True Blue Financial LLC lifted its position in First Trust S&P REIT Index Fund by 0.6% during the first quarter. True Blue Financial LLC now owns 108,408 shares of the company’s stock valued at $3,085,000 after purchasing an additional 685 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. 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.