First Trust Indxx Innovative Transaction & Process ETF (LEGR)
First Trust Indxx Innovative Transaction & Process ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $66.61, up 0.52% on the session, giving a market capitalisation of $130.8M. Its beta of 0.88 implies it has historically moved less than the broad market.
The First Trust Indxx Innovative Transaction & Process ETF (LEGR) aims to replicate the total returns, before deducting its fees and expenses, of the Indxx Blockchain Index. To achieve this, the Fund typically allocates at least 90% of its net assets, including any borrowed funds, to the common equities and depositary receipts that constitute this underlying index. The Indxx Blockchain Index itself is crafted to monitor the progress of companies significantly involved with distributed ledger technology (blockchain). This includes firms actively utilizing, investing in, or developing blockchain solutions, as well as those with products positioned to benefit from the technology's inherent capacity to enhance efficiency across various business operations. Crucially, the Index exclusively selects companies that have dedicated substantial resources to integrating or advancing blockchain applications. Indxx, Inc., acting as the Index Provider, is responsible for the ownership, development, maintenance, and sponsorship of this Index.
First Trust Indxx Innovative Transaction & Process ETF is most often compared with the following Financial Services names: