Redhawk Wealth Advisors Inc. Grows Stock Position in ALPS Electrification Infrastructure ETF $ELFY

Redhawk Wealth Advisors Inc. increased its stake in shares of ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) by 71.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,250 shares of the company’s stock after purchasing an additional 102,450 shares during the quarter. ALPS Electrification Infrastructure ETF accounts for 1.1% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 22nd largest holding. Redhawk Wealth Advisors Inc. owned about 5.44% of ALPS Electrification Infrastructure ETF worth $11,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in ALPS Electrification Infrastructure ETF in the 3rd quarter valued at about $780,000. Susquehanna International Group LLP purchased a new stake in shares of ALPS Electrification Infrastructure ETF in the 3rd quarter valued at approximately $390,000. Farther Finance Advisors LLC raised its stake in ALPS Electrification Infrastructure ETF by 904.2% in the fourth quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock valued at $881,000 after buying an additional 22,541 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of ALPS Electrification Infrastructure ETF by 6,816.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 592,370 shares of the company’s stock valued at $20,851,000 after acquiring an additional 583,805 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in ALPS Electrification Infrastructure ETF by 135.8% during the fourth quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock worth $96,000 after purchasing an additional 1,571 shares in the last quarter.

ALPS Electrification Infrastructure ETF Stock Performance

ALPS Electrification Infrastructure ETF stock opened at $41.81 on Tuesday. The company has a market capitalization of $197.34 million, a P/E ratio of 21.95 and a beta of 0.99. ALPS Electrification Infrastructure ETF has a fifty-two week low of $33.33 and a fifty-two week high of $45.92. The stock has a 50-day simple moving average of $42.90 and a 200-day simple moving average of $41.79.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Thursday, June 18th were issued a $0.1065 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. This represents a $0.43 annualized dividend and a dividend yield of 1.0%.

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.