First Trust S&P REIT Index Fund (NYSEARCA:FRI) Stock Crosses Above 200 Day Moving Average – Should You Sell?

First Trust S&P REIT Index Fund (NYSEARCA:FRI) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $30.45 and traded as high as $30.55. First Trust S&P REIT Index Fund shares last traded at $30.50, with a volume of 22,961 shares traded.

First Trust S&P REIT Index Fund Stock Performance

The firm has a market capitalization of $201.30 million, a P/E ratio of 35.23 and a beta of 0.94. The business’s fifty day moving average is $30.43 and its 200 day moving average is $30.47.

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

Several hedge funds have recently modified their holdings of the stock. Chicago Partners Investment Group LLC boosted its stake in First Trust S&P REIT Index Fund by 1.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 78,065 shares of the company’s stock worth $2,358,000 after purchasing an additional 1,236 shares during the period. Maia Wealth LLC lifted its holdings in shares of First Trust S&P REIT Index Fund by 16.5% in the third quarter. Maia Wealth LLC now owns 39,338 shares of the company’s stock valued at $1,163,000 after purchasing an additional 5,567 shares in the last quarter. Encompass More Asset Management purchased a new stake in shares of First Trust S&P REIT Index Fund in the third quarter valued at $258,000. Envestnet Asset Management Inc. boosted its position in shares of First Trust S&P REIT Index Fund by 7.6% in the second quarter. Envestnet Asset Management Inc. now owns 53,540 shares of the company’s stock worth $1,697,000 after buying an additional 3,772 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust S&P REIT Index Fund in the second quarter worth approximately $92,000.

First Trust S&P REIT Index Fund Company Profile

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.