First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Stock Price Up 0.8% – What’s Next?

Shares of First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) were up 0.8% on Monday . The company traded as high as $56.62 and last traded at $56.50. Approximately 4,103 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 6,733 shares. The stock had previously closed at $56.03.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

The firm has a market capitalization of $120.50 million, a P/E ratio of 14.62 and a beta of 0.90. The company has a 50-day moving average price of $57.20 and a 200-day moving average price of $54.81.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a dividend of $0.1481 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.59 annualized dividend and a yield of 1.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEGR. LPL Financial LLC boosted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 1.2% in the first quarter. LPL Financial LLC now owns 104,923 shares of the company’s stock valued at $5,116,000 after buying an additional 1,295 shares during the period. Flputnam Investment Management Co. acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the first quarter valued at about $1,342,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter worth approximately $56,000. Flow Traders U.S. LLC bought a new stake in First Trust Indxx Innovative Transaction & Process ETF during the second quarter worth $618,000. Finally, Raymond James Financial Inc. raised 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 purchasing an additional 34,384 shares during the period.

About First Trust Indxx Innovative Transaction & Process ETF

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.