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

First Trust S&P REIT Index Fund (NYSEARCA:FRI)’s stock price traded down 0.4% during trading on Tuesday . The company traded as low as $26.83 and last traded at $26.93. 54,991 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 163,923 shares. The stock had previously closed at $27.05.

First Trust S&P REIT Index Fund Price Performance

The business has a fifty day simple moving average of $28.60 and a two-hundred day simple moving average of $28.30. The company has a market cap of $121.19 million, a PE ratio of 27.98 and a beta of 1.01.

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

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its position in shares of First Trust S&P REIT Index Fund by 5.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 30,936 shares of the company’s stock worth $794,000 after purchasing an additional 1,503 shares in the last quarter. Financial Perspectives Inc purchased a new stake in shares of First Trust S&P REIT Index Fund during the second quarter worth about $36,000. RPg Family Wealth Advisory LLC increased its holdings in shares of First Trust S&P REIT Index Fund by 28.6% during the second quarter. RPg Family Wealth Advisory LLC now owns 17,358 shares of the company’s stock valued at $446,000 after acquiring an additional 3,865 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in First Trust S&P REIT Index Fund by 5.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 25,421 shares of the company’s stock worth $653,000 after purchasing an additional 1,273 shares in the last quarter. Finally, AE Wealth Management LLC grew its position in First Trust S&P REIT Index Fund by 173.4% during the 2nd quarter. AE Wealth Management LLC now owns 73,814 shares of the company’s stock worth $1,895,000 after purchasing an additional 46,813 shares during the last quarter.

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.