Pico Holdings Inc. (NASDAQ:PICO) shares fell 2.6% during trading on Tuesday . The stock traded as low as $9.93 and last traded at $9.93, with a volume of 82,176 shares. The stock had previously closed at $10.20.

The company has a 50-day moving average of $9.38 and a 200 day moving average of $9.42. The company’s market capitalization is $228.76 million.

An institutional investor recently raised its position in Pico Holdings stock. First Trust Advisors LP increased its position in shares of Pico Holdings Inc. (NASDAQ:PICO) by 112.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 199,415 shares of the company’s stock after buying an additional 105,671 shares during the period. First Trust Advisors LP owned approximately 0.87% of Pico Holdings worth $2,058,000 at the end of the most recent reporting period.

PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. PICO’s subsidiary, Vidler Water Company, Inc (Vidler), acquires and develops water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.

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