First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) Shares Down 1% – Time to Sell?

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

First Trust Indxx Innovative Transaction & Process ETF Stock Down 1.0%

The company has a market capitalization of $127.85 million, a P/E ratio of 14.62 and a beta of 0.90. The company has a 50-day moving average of $60.77 and a two-hundred day moving average of $57.93.

First Trust Indxx Innovative Transaction & Process ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Indxx Innovative Transaction & Process ETF

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