ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Trading Down 0.2% – What’s Next?

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) dropped 0.2% on Friday . The stock traded as low as $39.35 and last traded at $39.51. Approximately 13,483 shares traded hands during trading, a decline of 68% from the average daily volume of 41,528 shares. The stock had previously closed at $39.57.

ALPS Electrification Infrastructure ETF Price Performance

The stock has a market cap of $127.62 million, a price-to-earnings ratio of 21.95 and a beta of 1.54. The company’s fifty day simple moving average is $39.10 and its two-hundred day simple moving average is $36.89.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were paid a $0.1186 dividend. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, December 18th. This represents a $0.47 dividend on an annualized basis and a yield of 1.2%.

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELFY. Thrivent Financial for Lutherans boosted its holdings in 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 purchasing an additional 583,805 shares during the period. Alps Advisors Inc. purchased a new position in ALPS Electrification Infrastructure ETF in the 3rd quarter worth $4,610,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of ALPS Electrification Infrastructure ETF in the fourth quarter worth about $3,468,000. Brookwood Investment Group LLC purchased a new position in ALPS Electrification Infrastructure ETF in the 4th quarter worth approximately $2,875,000. Finally, Osaic Holdings Inc. increased its stake in shares of ALPS Electrification Infrastructure ETF by 565.8% in the fourth quarter. Osaic Holdings Inc. now owns 49,879 shares of the company’s stock worth $1,756,000 after buying an additional 42,387 shares during the period.

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.