First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Trading Up 1.4% – Here’s Why

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR)’s stock price was up 1.4% during mid-day trading on Friday . The company traded as high as $64.59 and last traded at $64.54. Approximately 4,336 shares traded hands during trading, a decline of 43% from the average daily volume of 7,561 shares. The stock had previously closed at $63.68.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

The business has a 50-day simple moving average of $60.00 and a two-hundred day simple moving average of $59.70. The company has a market capitalization of $132.31 million, a price-to-earnings ratio of 14.62 and a beta of 0.85.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.1444 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

Several hedge funds have recently modified their holdings of LEGR. Raymond James Financial Inc. lifted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 189.8% in the 2nd quarter. Raymond James Financial Inc. now owns 52,499 shares of the company’s stock valued at $2,825,000 after buying an additional 34,384 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at approximately $224,000. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 40,208 shares of the company’s stock valued at $2,164,000 after buying an additional 186 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at approximately $1,364,000. Finally, Belpointe Asset Management LLC lifted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 4.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 6,547 shares of the company’s stock valued at $368,000 after buying an additional 300 shares during the period.

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.