NewEdge Advisors LLC Increases Holdings in ALPS Electrification Infrastructure ETF $ELFY

NewEdge Advisors LLC increased its position in ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) by 578.8% during the 2nd quarter, Holdings Channel reports. The firm owned 40,678 shares of the company’s stock after acquiring an additional 34,685 shares during the quarter. NewEdge Advisors LLC’s holdings in ALPS Electrification Infrastructure ETF were worth $1,828,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harbour Investments Inc. raised 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 purchasing an additional 1,571 shares in the last quarter. Royal Bank of Canada bought a new position in shares of ALPS Electrification Infrastructure ETF during the 1st quarter worth $118,000. Wellington Grp LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF during the second quarter valued at $235,000. Sanctuary Advisors LLC purchased a new position in shares of ALPS Electrification Infrastructure ETF during the first quarter valued at $206,000. Finally, Silver Oak Securities Incorporated bought a new stake in shares of ALPS Electrification Infrastructure ETF in the first quarter valued at about $265,000.

ALPS Electrification Infrastructure ETF Price Performance

Shares of ALPS Electrification Infrastructure ETF stock opened at $39.24 on Friday. The stock has a market cap of $185.21 million, a price-to-earnings ratio of 21.95 and a beta of 0.98. The firm’s 50-day moving average is $41.14 and its two-hundred day moving average is $42.02. ALPS Electrification Infrastructure ETF has a 1 year low of $34.31 and a 1 year high of $45.92.

ALPS Electrification Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Thursday, September 17th will be given a $0.1104 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 17th. This is a positive change from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.11.

ALPS Electrification Infrastructure ETF 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.