ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Shares Up 1.4% – Here’s What Happened

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) traded up 1.4% during trading on Thursday . The stock traded as high as $38.00 and last traded at $37.54. 40,642 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 55,884 shares. The stock had previously closed at $37.03.

ALPS Electrification Infrastructure ETF Stock Up 0.6%

The stock has a market cap of $113.72 million, a P/E ratio of 21.95 and a beta of 1.54. The firm’s 50-day moving average is $35.94 and its two-hundred day moving average is $35.10.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 18th were paid a dividend of $0.1186 per share. This is a positive change 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 annualized dividend and a dividend yield of 1.3%.

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

Large investors have recently bought and sold shares of the business. Tripletail Wealth Management LLC acquired a new position in 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 worth about $89,000. Noble Wealth Management PBC increased its holdings in shares of ALPS Electrification Infrastructure ETF by 1,496.6% during the 4th quarter. Noble Wealth Management PBC now owns 7,983 shares of the company’s stock valued at $281,000 after acquiring an additional 7,483 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of ALPS Electrification Infrastructure ETF in the 3rd quarter valued at approximately $390,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of ALPS Electrification Infrastructure ETF in the 4th quarter valued at approximately $749,000.

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.