First Trust S&P REIT Index Fund (NYSEARCA:FRI) Shares Up 1.3% – Still a Buy?

Posted by Jessica Moore on Oct 18th, 2024

First Trust S&P REIT Index Fund (NYSEARCA:FRI – Get Free Report) was up 1.3% during trading on Wednesday . The company traded as high as $29.79 and last traded at $29.76. Approximately 33,430 shares changed hands during trading, a decline of 25% from the average daily volume of 44,318 shares. The stock had previously closed at $29.37.

First Trust S&P REIT Index Fund Price Performance

The firm has a market cap of $134.01 million, a P/E ratio of 27.98 and a beta of 1.01. The firm’s 50-day moving average price is $29.04 and its 200 day moving average price is $26.79.

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

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

First Trust S&P REIT Index Fund Company Profile

(Get Free Report)

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.