First Trust S&P REIT Index Fund (NYSEARCA:FRI – Get Free Report) was down 1.4% on Monday . The company traded as low as $30.67 and last traded at $30.73. Approximately 10,774 shares traded hands during trading, a decline of 61% from the average daily volume of 27,651 shares. The stock had previously closed at $31.16.
First Trust S&P REIT Index Fund Trading Down 1.4%
The firm has a market cap of $164.41 million, a price-to-earnings ratio of 35.23 and a beta of 0.96. The company has a fifty day moving average price of $30.35 and a 200-day moving average price of $29.09.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of FRI. Arax Advisory Partners acquired a new stake in shares of First Trust S&P REIT Index Fund during the 4th quarter worth approximately $27,000. Western Wealth Management LLC acquired a new position in shares of First Trust S&P REIT Index Fund in the 1st quarter valued at $67,000. Bank of Montreal Can purchased a new stake in First Trust S&P REIT Index Fund during the fourth quarter worth $72,000. Comerica Bank boosted its holdings in First Trust S&P REIT Index Fund by 400.5% during the fourth quarter. Comerica Bank now owns 6,011 shares of the company’s stock worth $164,000 after buying an additional 4,810 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in First Trust S&P REIT Index Fund during the first quarter valued at $171,000.
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.
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