First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Up 0.7% – Here’s Why

Shares of First Trust S&P REIT Index Fund (NYSEARCA:FRI) shot up 0.7% during mid-day trading on Wednesday . The stock traded as high as $30.40 and last traded at $30.19. 28,776 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 48,379 shares. The stock had previously closed at $29.99.

First Trust S&P REIT Index Fund Trading Up 0.7 %

The firm has a 50 day simple moving average of $29.29 and a two-hundred day simple moving average of $27.69. The company has a market capitalization of $135.86 million, a PE ratio of 27.98 and a beta of 1.01.

Hedge Funds Weigh In On First Trust S&P REIT Index Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank acquired a new position in shares of First Trust S&P REIT Index Fund in the 1st quarter valued at about $31,000. Virtu Financial LLC acquired a new stake in First Trust S&P REIT Index Fund in the 1st quarter worth $260,000. Cetera Advisors LLC increased its position in shares of First Trust S&P REIT Index Fund by 47.7% during the first quarter. Cetera Advisors LLC now owns 20,074 shares of the company’s stock valued at $522,000 after purchasing an additional 6,487 shares during the period. GAMMA Investing LLC acquired a new position in shares of First Trust S&P REIT Index Fund in the 2nd quarter valued at $104,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in First Trust S&P REIT Index Fund by 2.1% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,019 shares of the company’s stock worth $591,000 after purchasing an additional 463 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.