Education
About Us
Working with TipRanks
Follow Us
LEGR - AI Analysis
Top Page
First Trust Indxx Innovative Transaction & Process ETF (LEGR)
Rating:67Neutral
Price Target:
$63.00
Positive Factors
Strong Top Holdings
Several key holdings, such as Micron and Alibaba, have delivered strong year-to-date performance, boosting the ETF’s returns.
Global Diversification
The ETF has exposure to multiple countries, including Germany, Hong Kong, and India, which helps reduce reliance on U.S. markets.
Sector Balance
The fund is diversified across sectors like financials and technology, reducing the impact of downturns in any single industry.
Negative Factors
High Expense Ratio
The ETF’s expense ratio of 0.65% is higher than many similar funds, which can eat into investor returns over time.
Underperforming Holdings
Some holdings, such as SAP SE, have shown weak year-to-date performance, which may drag on overall returns.
U.S. Market Concentration
With over 58% of its assets in U.S. companies, the ETF is heavily reliant on the performance of the domestic market.
LEGR vs. SPDR S&P 500 ETF (SPY)
AUM119.18M
RegionGlobal
Expense Ratio0.65%
Beta0.81
IssuerFirst Trust
Inception DateJan 24, 2018
Dividend Yield1.79%
Asset ClassEquity
Index TrackedIndxx Blockchain Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume6,673
30 Day Avg. Volume8,713
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
65.71Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering101
LEGR Summary
The First Trust Indxx Innovative Transaction & Process ETF (LEGR) is an investment fund that focuses on companies involved in blockchain technology, a system that securely manages data and transactions. It tracks the Indxx Blockchain Index, which includes businesses using or developing blockchain, such as Intel and Advanced Micro Devices (AMD). This ETF is a way to invest in the growth of blockchain while diversifying across sectors like technology and finance. However, new investors should know that the fund’s performance can be affected by the ups and downs of the blockchain industry, which is still evolving.
How much will it cost me?The expense ratio for the First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 0.65%, which means you’ll pay $6.50 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a specialized theme, blockchain technology, which requires more research and expertise.
What would affect this ETF?The LEGR ETF, focused on blockchain technology, could benefit from increasing adoption of blockchain across industries like finance and technology, as well as growing interest in digital transformation trends globally. However, it may face challenges from regulatory uncertainty around blockchain and cryptocurrency, as well as potential economic slowdowns that could impact technology and financial sectors, which make up a significant portion of its holdings.
LEGR Top 10 Holdings
The First Trust Indxx Innovative Transaction & Process ETF (LEGR) is riding the wave of blockchain innovation, with a strong tilt toward financial and technology sectors. Semiconductor giants like Intel and AMD are steady performers, benefiting from robust demand for advanced chips, while Micron has been a rising star, bolstered by record earnings and strategic investments. However, SAP SE and Baidu are holding the fund back slightly, with mixed technical momentum and revenue challenges. With a global mix of holdings, LEGR offers a forward-thinking approach to blockchain's transformative potential.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Intel | 2.20% | $2.72M | $193.96B | 81.35% | 61 Neutral | |
| Advanced Micro Devices | 2.16% | $2.67M | $418.71B | 55.19% | 77 Outperform | |
| Micron | 1.92% | $2.37M | $249.09B | 105.13% | 78 Outperform | |
| International Business Machines | 1.59% | $1.96M | $292.17B | 48.54% | 77 Outperform | |
| TSMC | 1.52% | $1.87M | $1.25T | 53.11% | 81 Outperform | |
| Alibaba | 1.48% | $1.83M | $420.13B | 77.02% | 79 Outperform | |
| Nvidia | 1.48% | $1.83M | $4.89T | 42.32% | 85 Outperform | |
| Baidu | 1.48% | $1.83M | $43.86B | 35.50% | 67 Neutral | |
| Engie SA | 1.42% | $1.75M | €47.96B | 27.00% | 64 Neutral | |
| PayPal Holdings | 1.42% | $1.75M | $69.76B | -9.04% | 78 Outperform |
LEGR Technical Analysis
Positive
―
Price Trends
56.10
Positive
54.76
Positive
51.58
Positive
Market Momentum
0.75
Negative
69.59
Neutral
79.40
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For LEGR, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 57.44, equal to the 50-day MA of 56.10, and equal to the 200-day MA of 51.58, indicating a bullish trend. The MACD of 0.75 indicates Negative momentum. The RSI at 69.59 is Neutral, neither overbought nor oversold. The STOCH value of 79.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LEGR.
LEGR Peer Comparison
Comparison Results
Performance Comparison
LEGR
First Trust Indxx Innovative Transaction & Process ETF
58.93
13.46
29.60%
CRBN
iShares MSCI ACWI Low Carbon Target ETF
―
―
―
IHAK
iShares Cybersecurity & Tech ETF
―
―
―
BKCH
Global X Blockchain ETF
―
―
―
WGMI
Valkyrie Bitcoin Miners ETF
―
―
―
IBLC
iShares Blockchain and Tech ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
Table of Contents