First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Price Down 0% – Here’s Why

First Trust S&P REIT Index Fund (NYSEARCA:FRI) dropped 0% on Wednesday . The stock traded as low as $27.99 and last traded at $28.12. Approximately 29,782 shares changed hands during trading, a decline of 50% from the average daily volume of 59,843 shares. The stock had previously closed at $28.13.

First Trust S&P REIT Index Fund Stock Performance

The stock has a market cap of $126.54 million, a price-to-earnings ratio of 27.98 and a beta of 1.01. The stock has a fifty day simple moving average of $27.55 and a two-hundred day simple moving average of $28.53.

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

Institutional investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. bought a new stake in First Trust S&P REIT Index Fund during the 4th quarter worth $287,000. Cetera Investment Advisers grew its holdings in shares of First Trust S&P REIT Index Fund by 39.4% during the fourth quarter. Cetera Investment Advisers now owns 572,588 shares of the company’s stock worth $15,672,000 after purchasing an additional 161,849 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of First Trust S&P REIT Index Fund during the fourth quarter worth about $1,599,000. Baird Financial Group Inc. increased its stake in shares of First Trust S&P REIT Index Fund by 15.5% in the fourth quarter. Baird Financial Group Inc. now owns 10,752 shares of the company’s stock valued at $294,000 after buying an additional 1,440 shares during the period. Finally, Harvest Investment Services LLC raised its holdings in First Trust S&P REIT Index Fund by 5.2% in the 4th quarter. Harvest Investment Services LLC now owns 14,300 shares of the company’s stock valued at $391,000 after buying an additional 706 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.