Redhawk Wealth Advisors Inc. Invests $3.47 Million in ALPS Electrification Infrastructure ETF $ELFY

Redhawk Wealth Advisors Inc. purchased a new position in ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 98,543 shares of the company’s stock, valued at approximately $3,468,000. Redhawk Wealth Advisors Inc. owned about 3.23% of ALPS Electrification Infrastructure ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in ALPS Electrification Infrastructure ETF during the 4th quarter worth $749,000. Noble Wealth Management PBC increased its position in ALPS Electrification Infrastructure ETF by 1,496.6% in the fourth quarter. Noble Wealth Management PBC now owns 7,983 shares of the company’s stock worth $281,000 after buying an additional 7,483 shares during the period. Susquehanna International Group LLP bought a new stake in ALPS Electrification Infrastructure ETF in the third quarter valued at $390,000. Citadel Advisors LLC acquired a new position in shares of ALPS Electrification Infrastructure ETF during the third quarter valued at $780,000. Finally, Alps Advisors Inc. acquired a new position in shares of ALPS Electrification Infrastructure ETF during the third quarter valued at $4,610,000.

ALPS Electrification Infrastructure ETF Stock Performance

ALPS Electrification Infrastructure ETF stock opened at $39.07 on Friday. ALPS Electrification Infrastructure ETF has a one year low of $25.53 and a one year high of $42.11. The company has a 50-day simple moving average of $39.66 and a 200-day simple moving average of $37.28. The firm has a market capitalization of $126.20 million, a P/E ratio of 21.95 and a beta of 1.54.

ALPS Electrification Infrastructure ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Thursday, March 19th were given a $0.1046 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.42 annualized dividend and a yield of 1.1%.

ALPS Electrification Infrastructure ETF Company Profile

The ALPS Electrification Infrastructure ETF is an exchange-traded fund that seeks to provide investment results that correspond generally to the performance of the underlying index, which focuses on companies involved in the electrification infrastructure sector.