First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Shares Climb 1% – Still a Buy?

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) was up 1% during trading on Thursday. The stock traded as high as $65.57 and last traded at $65.4060. Approximately 3,658 shares traded hands 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 stock has a 50-day simple moving average of $66.25 and a two-hundred day simple moving average of $64.65. The firm has a market cap of $127.24 million, a PE ratio of 14.62 and a beta of 0.87.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LEGR. Farther Finance Advisors LLC lifted its position in First Trust Indxx Innovative Transaction & Process ETF by 96.6% during the third quarter. Farther Finance Advisors LLC now owns 763 shares of the company’s stock valued at $50,000 after purchasing an additional 375 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter valued at $80,000. Western Wealth Management LLC purchased a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 1st quarter valued at $141,000. CPR Investments Inc. purchased a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 1st quarter valued at $250,000. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 7.9% during the 1st quarter. Cetera Investment Advisers now owns 4,502 shares of the company’s stock valued at $260,000 after buying an additional 330 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.