May 19, 2023 – LPL Financial LLC, an independent broker-dealer based in Boston, Massachusetts that serves both individuals and institutions, recently filed with the Securities & Exchange Commission stating that it had reduced its holdings in First Trust Indxx Innovative Transaction & Process ETF (NASDAQ:LEGR) by 24.6%. According to the filing, LPL Financial LLC now owns approximately 99,005 shares of the company’s stock worth $3,391,000.
This news has caught the attention of investors and market enthusiasts alike who are keen on uncovering what could have led to LPL Financial LLC reducing its position on LEGR. Experts attribute this decision to multiple possible reasons including potential fluctuations in the volatile crypto market as well as rising competition from emerging fintech startups.
The First Trust Indxx Innovative Transaction & Process ETF is a fund designed to track the performance of technology companies offering innovative transaction and process solutions across various industries like blockchain technology used for transmitting sensitive information between…