First Trust S&P REIT Index Fund (NYSEARCA:FRI) Trading Up 0.9% – Time to Buy?

First Trust S&P REIT Index Fund (NYSEARCA:FRI)’s share price shot up 0.9% on Monday . The company traded as high as $30.60 and last traded at $30.55. 22,660 shares changed hands during trading, a decline of 29% from the average daily volume of 31,698 shares. The stock had previously closed at $30.28.

First Trust S&P REIT Index Fund Trading Up 0.9%

The firm has a market cap of $186.35 million, a price-to-earnings ratio of 35.23 and a beta of 0.93. The company’s 50-day moving average is $31.87 and its 200-day moving average is $30.98.

Institutional Investors Weigh In On First Trust S&P REIT Index Fund

A number of large investors have recently modified their holdings of FRI. Risk Paradigm Group LLC grew its holdings in shares of First Trust S&P REIT Index Fund by 3.9% during the second quarter. Risk Paradigm Group LLC now owns 12,191 shares of the company’s stock worth $386,000 after purchasing an additional 463 shares during the last quarter. RPg Family Wealth Advisory LLC raised its holdings in First Trust S&P REIT Index Fund by 3.8% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 12,549 shares of the company’s stock valued at $398,000 after buying an additional 463 shares during the last quarter. True Blue Financial LLC raised its holdings in 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 boosted its position in First Trust S&P REIT Index Fund by 27.7% during the 1st quarter. Kestra Advisory Services LLC now owns 9,761 shares of the company’s stock worth $278,000 after buying an additional 2,118 shares during the period. Finally, Cetera Investment Advisers boosted its position in First Trust S&P REIT Index Fund by 0.5% during the 1st quarter. Cetera Investment Advisers now owns 497,818 shares of the company’s stock worth $14,168,000 after buying an additional 2,350 shares during the period.

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.