First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Up 0.4% – Should You Buy?

First Trust S&P REIT Index Fund (NYSEARCA:FRI) traded up 0.4% on Friday. The stock traded as high as $30.06 and last traded at $29.85. Approximately 118,193 shares changed hands during trading, an increase of 249% from the average daily volume of 33,901 shares. The stock had previously closed at $29.74.

First Trust S&P REIT Index Fund Price Performance

The firm has a 50 day moving average of $30.77 and a two-hundred day moving average of $31.05. The stock has a market cap of $185.07 million, a PE ratio of 35.23 and a beta of 0.94.

Institutional Trading of First Trust S&P REIT Index Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC lifted its position in shares of First Trust S&P REIT Index Fund by 3.8% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 12,549 shares of the company’s stock worth $398,000 after buying an additional 463 shares during the last quarter. Risk Paradigm Group LLC boosted its holdings in shares of First Trust S&P REIT Index Fund by 3.9% in the 2nd quarter. Risk Paradigm Group LLC now owns 12,191 shares of the company’s stock valued at $386,000 after buying an additional 463 shares in the last quarter. True Blue Financial LLC grew its position in shares of First Trust S&P REIT Index Fund by 0.6% in the 1st quarter. True Blue Financial LLC now owns 108,408 shares of the company’s stock valued at $3,085,000 after buying an additional 685 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of First Trust S&P REIT Index Fund by 27.7% in the 1st quarter. Kestra Advisory Services LLC now owns 9,761 shares of the company’s stock valued at $278,000 after buying an additional 2,118 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of First Trust S&P REIT Index Fund in the 1st quarter valued at $67,000.

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.