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

First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) shares were down 1% during mid-day trading on Thursday . The stock traded as low as $60.45 and last traded at $60.88. Approximately 6,832 shares traded hands during trading, a decline of 31% from the average daily volume of 9,856 shares. The stock had previously closed at $61.49.

First Trust Indxx Innovative Transaction & Process ETF Price Performance

The firm has a market cap of $129.15 million, a P/E ratio of 14.62 and a beta of 0.90. The company’s 50-day moving average is $60.83 and its two-hundred day moving average is $57.98.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.2611 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.15.

Institutional Trading of First Trust Indxx Innovative Transaction & Process ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC bought a new position in First Trust Indxx Innovative Transaction & Process ETF in the second quarter valued at about $56,000. Flow Traders U.S. LLC acquired a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF in the 2nd quarter valued at approximately $618,000. Raymond James Financial Inc. grew its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 189.8% during 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 last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the 2nd quarter valued at approximately $224,000. Finally, Ameriprise Financial Inc. increased its position in First Trust Indxx Innovative Transaction & Process ETF by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,208 shares of the company’s stock worth $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.