First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

First Trust S&P REIT Index Fund (NYSEARCA:FRI) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $30.45 and traded as high as $30.55. First Trust S&P REIT Index Fund shares last traded at $30.50, with a volume of 22,961 shares traded.

First Trust S&P REIT Index Fund Stock Up 2.1%

The stock has a market cap of $201.30 million, a P/E ratio of 35.23 and a beta of 0.94. The business has a 50 day moving average price of $30.46 and a two-hundred day moving average price of $30.45.

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

A number of large investors have recently bought and sold shares of FRI. Cetera Investment Advisers lifted its position in shares of First Trust S&P REIT Index Fund by 0.5% during the first quarter. Cetera Investment Advisers now owns 497,818 shares of the company’s stock worth $14,168,000 after purchasing an additional 2,350 shares during the last quarter. True Blue Financial LLC boosted its stake in shares of First Trust S&P REIT Index Fund by 0.6% during the first quarter. True Blue Financial LLC now owns 108,408 shares of the company’s stock valued at $3,085,000 after purchasing an additional 685 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of First Trust S&P REIT Index Fund by 7.6% in the second quarter. Envestnet Asset Management Inc. now owns 53,540 shares of the company’s stock worth $1,697,000 after purchasing an additional 3,772 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of First Trust S&P REIT Index Fund in the second quarter worth about $1,415,000. Finally, Maia Wealth LLC grew its holdings in shares of First Trust S&P REIT Index Fund by 16.5% in the third quarter. Maia Wealth LLC now owns 39,338 shares of the company’s stock worth $1,163,000 after purchasing an additional 5,567 shares during the last quarter.

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. 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.