First Trust S&P REIT Index Fund (NYSEARCA:FRI) Trading Up 0.2%

First Trust S&P REIT Index Fund (NYSEARCA:FRI) shot up 0.2% on Wednesday . The company traded as high as $29.25 and last traded at $29.03. 25,506 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 35,641 shares. The stock had previously closed at $28.96.

First Trust S&P REIT Index Fund Stock Performance

The stock has a 50-day simple moving average of $27.38 and a 200 day simple moving average of $25.97. The stock has a market capitalization of $129.78 million, a P/E ratio of 27.98 and a beta of 1.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank bought a new position in First Trust S&P REIT Index Fund during the 1st quarter worth approximately $31,000. Financial Perspectives Inc acquired a new stake in First Trust S&P REIT Index Fund in the second quarter worth $36,000. International Assets Investment Management LLC bought a new position in shares of First Trust S&P REIT Index Fund during the second quarter worth $70,000. GAMMA Investing LLC bought a new stake in shares of First Trust S&P REIT Index Fund in the 2nd quarter valued at $104,000. Finally, Register Financial Advisors LLC bought a new stake in shares of First Trust S&P REIT Index Fund in the 1st quarter valued at $121,000.

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.