First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Trading Down 1% – Here’s What Happened

Shares of First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) were down 1% during trading on Thursday . The stock traded as low as $60.45 and last traded at $60.88. Approximately 6,832 shares were traded 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’s 50 day simple moving average is $60.77 and its two-hundred day simple moving average is $57.93. The firm has a market capitalization of $127.85 million, a P/E ratio of 14.62 and a beta of 0.90.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.2611 dividend. This is a boost from First Trust Indxx Innovative Transaction & Process ETF’s previous quarterly dividend of $0.15. 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%.

Hedge Funds Weigh In On First Trust Indxx Innovative Transaction & Process ETF

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in shares of First Trust Indxx Innovative Transaction & Process ETF by 22,400.0% during the fourth quarter. Wells Fargo & Company MN now owns 450 shares of the company’s stock valued at $27,000 after purchasing an additional 448 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of First Trust Indxx Innovative Transaction & Process ETF in the second quarter worth $56,000. Sound Income Strategies LLC raised its holdings in First Trust Indxx Innovative Transaction & Process ETF by 3,412.8% during the 4th quarter. Sound Income Strategies LLC now owns 2,740 shares of the company’s stock valued at $169,000 after buying an additional 2,662 shares during the last quarter. Vertex Planning Partners LLC purchased a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 4th quarter valued at $208,000. Finally, Prospera Financial Services Inc purchased a new stake in First Trust Indxx Innovative Transaction & Process ETF during the 4th quarter valued at $215,000.

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.