First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Price Down 0.4% – Time to Sell?

Shares of First Trust S&P REIT Index Fund (NYSEARCA:FRI) fell 0.4% during mid-day trading on Tuesday . The company traded as low as $26.83 and last traded at $26.93. 54,991 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 163,923 shares. The stock had previously closed at $27.05.

First Trust S&P REIT Index Fund Trading Up 0.1 %

The firm has a 50-day moving average of $28.55 and a 200 day moving average of $28.29. The stock has a market capitalization of $121.32 million, a price-to-earnings ratio of 27.98 and a beta of 1.01.

Institutional Trading of First Trust S&P REIT Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FRI. Stifel Financial Corp raised its stake in shares of First Trust S&P REIT Index Fund by 59.6% in the 3rd quarter. Stifel Financial Corp now owns 96,567 shares of the company’s stock worth $2,862,000 after buying an additional 36,063 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in First Trust S&P REIT Index Fund in the third quarter worth about $833,000. L.M. Kohn & Company acquired a new stake in First Trust S&P REIT Index Fund in the 3rd quarter valued at about $400,000. Private Trust Co. NA boosted its position in shares of First Trust S&P REIT Index Fund by 3.7% during the 3rd quarter. Private Trust Co. NA now owns 10,603 shares of the company’s stock valued at $314,000 after purchasing an additional 374 shares in the last quarter. Finally, Crumly & Associates Inc. acquired a new position in shares of First Trust S&P REIT Index Fund in the 3rd quarter worth approximately $4,355,000.

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.