ALPS Electrification Infrastructure ETF (NASDAQ:ELFY – Get Free Report) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, September 17th will be paid a dividend of 0.1104 per share on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 17th. This is a 3.7% increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.11.
ALPS Electrification Infrastructure ETF Trading Up 0.2%
ALPS Electrification Infrastructure ETF stock opened at $38.79 on Thursday. The company has a 50-day moving average price of $41.28 and a 200 day moving average price of $42.06. ALPS Electrification Infrastructure ETF has a 12-month low of $34.31 and a 12-month high of $45.92. The stock has a market cap of $193.91 million, a P/E ratio of 21.95 and a beta of 0.98.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in shares of ALPS Electrification Infrastructure ETF by 232.0% in the 1st quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock valued at $1,058,000 after purchasing an additional 18,803 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of ALPS Electrification Infrastructure ETF by 71.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock worth $11,067,000 after purchasing an additional 102,450 shares during the period. NewEdge Advisors LLC increased its position in shares of ALPS Electrification Infrastructure ETF by 578.8% during the 2nd quarter. NewEdge Advisors LLC now owns 40,678 shares of the company’s stock worth $1,828,000 after purchasing an additional 34,685 shares during the last quarter. Wellington Grp LLC purchased a new stake in ALPS Electrification Infrastructure ETF in the 2nd quarter valued at about $235,000. Finally, Royal Bank of Canada purchased a new stake in ALPS Electrification Infrastructure ETF in the 1st quarter valued at about $118,000.
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.
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