First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Down 0.4%

First Trust S&P REIT Index Fund (NYSEARCA:FRI)’s stock price fell 0.4% on Tuesday . The company traded as low as $25.77 and last traded at $25.91, 39,111 shares traded hands during trading. A decline of 38% from the average session volume of 63,240 shares. The stock had previously closed at $26.01.

The business’s 50-day moving average is $25.40 and its two-hundred day moving average is $24.93.

Several large investors have recently made changes to their positions in the stock. Morgan Stanley boosted its stake in First Trust S&P REIT Index Fund by 36.5% during the 2nd quarter. Morgan Stanley now owns 938,021 shares of the company’s stock valued at $23,384,000 after purchasing an additional 250,782 shares during the period. LPL Financial LLC boosted its stake in First Trust S&P REIT Index Fund by 0.8% during the 2nd quarter. LPL Financial LLC now owns 595,064 shares of the company’s stock valued at $14,835,000 after purchasing an additional 4,480 shares during the period. Wells Fargo & Company MN boosted its stake in First Trust S&P REIT Index Fund by 10.4% during the 2nd quarter. Wells Fargo & Company MN now owns 452,557 shares of the company’s stock valued at $11,283,000 after purchasing an additional 42,816 shares during the period. Peak Capital Management LLC boosted its stake in First Trust S&P REIT Index Fund by 23.8% during the 1st quarter. Peak Capital Management LLC now owns 188,977 shares of the company’s stock valued at $4,706,000 after purchasing an additional 36,380 shares during the period. Finally, Royal Bank of Canada boosted its stake in First Trust S&P REIT Index Fund by 24.0% during the 2nd quarter. Royal Bank of Canada now owns 99,169 shares of the company’s stock valued at $2,472,000 after purchasing an additional 19,190 shares during the period.

About First Trust S&P REIT Index Fund (NYSEARCA:FRI)

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.

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