ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Raises Dividend to $0.12 Per Share

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) declared a quarterly dividend on Wednesday, December 17th, NASDAQ Dividends reports. Shareholders of record on Thursday, December 18th will be paid a dividend of 0.1186 per share on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 18th. This is a 19.0% increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

ALPS Electrification Infrastructure ETF Trading Up 0.7%

Shares of ALPS Electrification Infrastructure ETF stock traded up $0.25 during midday trading on Thursday, reaching $35.00. The company had a trading volume of 29,973 shares, compared to its average volume of 29,279. The stock has a fifty day simple moving average of $36.20 and a 200 day simple moving average of $34.36. ALPS Electrification Infrastructure ETF has a 1-year low of $25.53 and a 1-year high of $37.60. The company has a market capitalization of $93.45 million, a price-to-earnings ratio of 21.95 and a beta of 1.54.

Hedge Funds Weigh In On ALPS Electrification Infrastructure ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tripletail Wealth Management LLC acquired a new stake in ALPS Electrification Infrastructure ETF during the 3rd quarter worth $27,000. Farther Finance Advisors LLC bought a new position in shares of ALPS Electrification Infrastructure ETF in the 3rd quarter worth $89,000. Susquehanna International Group LLP acquired a new stake in shares of ALPS Electrification Infrastructure ETF during the third quarter worth $390,000. Citadel Advisors LLC bought a new stake in ALPS Electrification Infrastructure ETF in the third quarter valued at about $780,000. Finally, Alps Advisors Inc. acquired a new position in ALPS Electrification Infrastructure ETF in the third quarter valued at about $4,610,000.

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.