First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Increases Dividend to $0.62 Per Share

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be given a dividend of 0.6211 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, June 25th. This is a 330.1% increase from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.14.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

Shares of LEGR traded down $0.44 during trading hours on Thursday, hitting $63.96. The stock had a trading volume of 1,684 shares, compared to its average volume of 6,347. The firm has a 50-day moving average price of $64.44 and a 200 day moving average price of $61.53. First Trust Indxx Innovative Transaction & Process ETF has a fifty-two week low of $52.47 and a fifty-two week high of $67.72. The firm has a market capitalization of $131.12 million, a price-to-earnings ratio of 14.62 and a beta of 0.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of First Trust Indxx Innovative Transaction & Process ETF by 4.8% in the fourth quarter. LPL Financial LLC now owns 215,524 shares of the company’s stock worth $12,823,000 after acquiring an additional 9,859 shares during the period. Financial Engines Advisors L.L.C. grew its position in shares of First Trust Indxx Innovative Transaction & Process ETF by 33.6% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 142,863 shares of the company’s stock valued at $8,031,000 after acquiring an additional 35,948 shares during the period. Kingswood Wealth Advisors LLC increased its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 2.6% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 60,934 shares of the company’s stock valued at $3,625,000 after purchasing an additional 1,520 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 1.6% in the 3rd quarter. Raymond James Financial Inc. now owns 53,338 shares of the company’s stock valued at $2,998,000 after purchasing an additional 839 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake 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 purchasing an additional 186 shares in the last quarter.

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.