First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Shares Climb 1% – What’s Next?

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR)’s share price was up 1% during trading on Thursday. The company traded as high as $65.57 and last traded at $65.4060. 3,658 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 4,558 shares. The stock had previously closed at $64.76.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

The firm has a market cap of $127.54 million, a PE ratio of 14.62 and a beta of 0.87. The stock has a fifty day moving average price of $66.27 and a 200-day moving average price of $64.64.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.1762 per share. This is a decrease from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.6211. This represents a $0.70 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, September 24th.

Hedge Funds Weigh In On First Trust Indxx Innovative Transaction & Process ETF

A number of hedge funds have recently made changes to their positions in LEGR. Farther Finance Advisors LLC boosted its position in First Trust Indxx Innovative Transaction & Process ETF by 96.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 763 shares of the company’s stock worth $50,000 after purchasing an additional 375 shares during the period. Integrated Wealth Concepts LLC purchased a new position in First Trust Indxx Innovative Transaction & Process ETF in the second quarter valued at about $80,000. Western Wealth Management LLC purchased a new position in First Trust Indxx Innovative Transaction & Process ETF in the first quarter valued at about $141,000. CPR Investments Inc. purchased a new position in First Trust Indxx Innovative Transaction & Process ETF in the first quarter valued at about $250,000. Finally, Cetera Investment Advisers lifted its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 7.9% during the first quarter. Cetera Investment Advisers now owns 4,502 shares of the company’s stock worth $260,000 after purchasing an additional 330 shares in the last quarter.

First Trust Indxx Innovative Transaction & Process ETF Company Profile

The First Trust Indxx Innovative Transaction & Process ETF (LEGR) is an exchange-traded fund that is based on the Indxx Blockchain index. The fund tracks an index of global equities selected based on their exposure to the development or usage of blockchain technology. LEGR was launched on Jan 24, 2018 and is managed by First Trust.