ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Stock Price Down 0.2% – Should You Sell?

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY)’s share price traded down 0.2% during trading on Friday . The company traded as low as $39.35 and last traded at $39.51. 13,483 shares were traded during trading, a decline of 68% from the average session volume of 41,528 shares. The stock had previously closed at $39.57.

ALPS Electrification Infrastructure ETF Price Performance

The company has a market cap of $127.62 million, a PE ratio of 21.95 and a beta of 1.54. The business has a 50 day moving average of $39.10 and a 200 day moving average of $36.87.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Thursday, December 18th were issued a $0.1186 dividend. This is a boost 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 yield of 1.2%.

Institutional Investors Weigh In On ALPS Electrification Infrastructure ETF

A number of large investors have recently modified their holdings of the stock. Tripletail Wealth Management LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF during the third quarter valued at about $27,000. Farther Finance Advisors LLC bought a new stake in ALPS Electrification Infrastructure ETF during the 3rd quarter valued at approximately $89,000. Harbour Investments Inc. boosted its position in ALPS Electrification Infrastructure ETF by 135.8% during the 4th quarter. Harbour Investments Inc. now owns 2,728 shares of the company’s stock valued at $96,000 after acquiring an additional 1,571 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF during the 4th quarter worth approximately $216,000. Finally, Noble Wealth Management PBC grew 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 worth $281,000 after acquiring an additional 7,483 shares during the period.

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.