ALPS Electrification Infrastructure ETF $ELFY Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its holdings in ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) by 93.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,443 shares of the company’s stock after selling 21,893 shares during the quarter. Farther Finance Advisors LLC’s holdings in ALPS Electrification Infrastructure ETF were worth $56,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. grew its stake in shares of ALPS Electrification Infrastructure ETF by 71.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 246,250 shares of the company’s stock worth $11,067,000 after purchasing an additional 102,450 shares during the last quarter. NewEdge Advisors LLC raised its position in ALPS Electrification Infrastructure ETF by 578.8% during the 2nd quarter. NewEdge Advisors LLC now owns 40,678 shares of the company’s stock worth $1,828,000 after purchasing an additional 34,685 shares during the last quarter. Cetera Investment Advisers raised its position in ALPS Electrification Infrastructure ETF by 232.0% during the 1st quarter. Cetera Investment Advisers now owns 26,909 shares of the company’s stock worth $1,058,000 after purchasing an additional 18,803 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in ALPS Electrification Infrastructure ETF by 125.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,815 shares of the company’s stock worth $935,000 after buying an additional 11,598 shares during the period. Finally, Diversify Wealth Management LLC acquired a new position in ALPS Electrification Infrastructure ETF during the 1st quarter worth about $455,000.

ALPS Electrification Infrastructure ETF Stock Performance

ALPS Electrification Infrastructure ETF stock opened at $37.73 on Friday. The firm has a market cap of $174.31 million, a price-to-earnings ratio of 21.95 and a beta of 1.03. ALPS Electrification Infrastructure ETF has a 52-week low of $34.31 and a 52-week high of $45.92. The firm has a 50 day moving average price of $39.27 and a two-hundred day moving average price of $41.05.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th were given a $0.1104 dividend. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.1065. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.44 annualized dividend and a dividend yield of 1.2%.

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.