HighTower Advisors LLC Reduces Stock Position in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR)

HighTower Advisors LLC cut its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) by 20.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,640 shares of the company’s stock after selling 2,411 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Indxx Innovative Transaction & Process ETF were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. IHT Wealth Management LLC purchased a new position in First Trust Indxx Innovative Transaction & Process ETF during the third quarter valued at approximately $205,000. Stifel Financial Corp purchased a new stake in shares of First Trust Indxx Innovative Transaction & Process ETF during the third quarter worth about $201,000. SRS Capital Advisors Inc. raised its holdings in shares of First Trust Indxx Innovative Transaction & Process ETF by 5.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 22,221 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,242 shares during the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Indxx Innovative Transaction & Process ETF in the 4th quarter valued at $829,000. Finally, Alpha Omega Group Inc. lifted its stake in First Trust Indxx Innovative Transaction & Process ETF by 2.7% in the 4th quarter. Alpha Omega Group Inc. now owns 95,069 shares of the company’s stock worth $4,411,000 after purchasing an additional 2,489 shares in the last quarter.

First Trust Indxx Innovative Transaction & Process ETF Stock Performance

NASDAQ LEGR opened at $48.69 on Monday. The stock’s fifty day moving average is $49.20 and its two-hundred day moving average is $47.69. The firm has a market capitalization of $90.07 million, a P/E ratio of 14.18 and a beta of 0.97. First Trust Indxx Innovative Transaction & Process ETF has a fifty-two week low of $37.28 and a fifty-two week high of $50.35.

First Trust Indxx Innovative Transaction & Process ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be issued a $0.125 dividend. The ex-dividend date is Thursday, March 27th. This represents a $0.50 annualized dividend and a yield of 1.03%.

First Trust Indxx Innovative Transaction & Process ETF Profile

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.