Thrivent Financial for Lutherans Trims Stock Position in ALPS Electrification Infrastructure ETF $ELFY

Thrivent Financial for Lutherans trimmed its holdings in shares of ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) by 98.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,565 shares of the company’s stock after selling 454,892 shares during the period. Thrivent Financial for Lutherans owned about 0.32% of ALPS Electrification Infrastructure ETF worth $307,000 as of its most recent SEC filing.

Separately, Farther Finance Advisors LLC purchased a new position in ALPS Electrification Infrastructure ETF during the third quarter worth $89,000.

ALPS Electrification Infrastructure ETF Stock Down 0.2%

Shares of NASDAQ:ELFY opened at $40.59 on Thursday. The company has a market capitalization of $131.11 million, a P/E ratio of 21.95 and a beta of 1.54. ALPS Electrification Infrastructure ETF has a 52-week low of $25.53 and a 52-week high of $41.14. The stock’s fifty day simple moving average is $37.33 and its 200-day simple moving average is $36.08.

ALPS Electrification Infrastructure ETF Increases Dividend

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

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.