ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Shares Down 1.7% – Should You Sell?

Shares of ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) dropped 1.7% during mid-day trading on Wednesday . The stock traded as low as $40.75 and last traded at $40.75. 12,072 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 40,313 shares. The stock had previously closed at $41.44.

ALPS Electrification Infrastructure ETF Stock Performance

The company has a 50 day simple moving average of $41.56 and a 200 day simple moving average of $42.12. The company has a market capitalization of $189.93 million, a PE ratio of 21.95 and a beta of 0.98.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were given a dividend of $0.1065 per share. The ex-dividend date 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 1.1%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its stake in ALPS Electrification Infrastructure ETF by 135.8% during the 4th quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock worth $96,000 after purchasing an additional 1,571 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the first quarter valued at about $118,000. Sanctuary Advisors LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF in the first quarter worth about $206,000. Janney Montgomery Scott LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF in the fourth quarter worth about $216,000. Finally, Wellington Grp LLC acquired a new position in ALPS Electrification Infrastructure ETF during the second quarter worth about $235,000.

About ALPS Electrification Infrastructure ETF

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.