ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Stock Price Down 1.1% – What’s Next?

Shares of ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) were down 1.1% on Tuesday . The company traded as low as $42.22 and last traded at $43.07. Approximately 51,481 shares traded hands during trading, an increase of 30% from the average daily volume of 39,646 shares. The stock had previously closed at $43.55.

ALPS Electrification Infrastructure ETF Stock Performance

The stock has a market capitalization of $178.31 million, a price-to-earnings ratio of 21.95 and a beta of 0.87. The company has a fifty day simple moving average of $42.94 and a 200 day simple moving average of $39.71.

ALPS Electrification Infrastructure ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 19th were given a $0.1046 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 19th.

Institutional Trading of ALPS Electrification Infrastructure ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELFY. Brookwood Investment Group LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF in the 4th quarter worth approximately $2,875,000. Farther Finance Advisors LLC lifted its holdings in ALPS Electrification Infrastructure ETF by 904.2% during the fourth quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock valued at $881,000 after purchasing an additional 22,541 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in ALPS Electrification Infrastructure ETF during the fourth quarter valued at about $3,468,000. Thrivent Financial for Lutherans boosted its holdings in shares of ALPS Electrification Infrastructure ETF by 6,816.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 592,370 shares of the company’s stock worth $20,851,000 after acquiring an additional 583,805 shares during the period. Finally, BXM Wealth LLC bought a new position in shares of ALPS Electrification Infrastructure ETF in the fourth quarter worth $470,000.

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.