ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Shares Down 1.1% – Here’s Why

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) shares dropped 1.1% on Tuesday . The stock traded as low as $36.40 and last traded at $36.50. Approximately 17,899 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 25,536 shares. The stock had previously closed at $36.89.

ALPS Electrification Infrastructure ETF Trading Down 1.1%

The stock has a market capitalization of $97.46 million, a price-to-earnings ratio of 21.95 and a beta of 1.54. The company has a fifty day moving average of $35.87 and a two-hundred day moving average of $33.28.

ALPS Electrification Infrastructure ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Thursday, September 18th were issued a dividend of $0.0996 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. This is an increase from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.05.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new position in ALPS Electrification Infrastructure ETF during the 2nd quarter worth $14,845,000. Farther Finance Advisors LLC acquired a new stake in shares of ALPS Electrification Infrastructure ETF in the third quarter valued at about $89,000. Tripletail Wealth Management LLC bought a new position in shares of ALPS Electrification Infrastructure ETF in the third quarter worth about $27,000. Finally, Alps Advisors Inc. bought a new position in shares of ALPS Electrification Infrastructure ETF in the third quarter worth 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.