Alps Advisors Inc. Takes Position in ALPS Electrification Infrastructure ETF $ELFY

Alps Advisors Inc. acquired a new position in ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 128,775 shares of the company’s stock, valued at approximately $4,610,000.

Other hedge funds have also bought and sold shares of the company. Tripletail Wealth Management LLC purchased a new stake in shares of ALPS Electrification Infrastructure ETF during the third quarter worth $27,000. Farther Finance Advisors LLC bought a new stake in shares of ALPS Electrification Infrastructure ETF during the 3rd quarter valued at $89,000. Finally, Thrivent Financial for Lutherans purchased a new stake in ALPS Electrification Infrastructure ETF during the 2nd quarter worth about $14,845,000.

ALPS Electrification Infrastructure ETF Stock Up 1.8%

ELFY stock opened at $39.72 on Tuesday. The stock has a 50-day simple moving average of $36.73 and a two-hundred day simple moving average of $35.77. ALPS Electrification Infrastructure ETF has a twelve month low of $25.53 and a twelve month high of $39.90. The firm has a market capitalization of $128.30 million, a PE ratio of 21.95 and a beta of 1.54.

ALPS Electrification Infrastructure ETF Increases Dividend

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

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.