ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) Stock Price Down 1.1% – Time to Sell?

ALPS Electrification Infrastructure ETF (NASDAQ:ELFY)’s share price dropped 1.1% during mid-day trading on Tuesday . The company traded as low as $42.22 and last traded at $43.07. Approximately 51,481 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 39,646 shares. The stock had previously closed at $43.55.

ALPS Electrification Infrastructure ETF Price Performance

The business’s 50 day moving average is $43.09 and its 200-day moving average is $39.83. The company has a market cap of $178.85 million, a PE ratio of 21.95 and a beta of 0.87.

ALPS Electrification Infrastructure ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Thursday, March 19th were paid a $0.1046 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.42 dividend on an annualized basis and a yield of 1.0%.

Institutional Trading of ALPS Electrification Infrastructure ETF

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in ALPS Electrification Infrastructure ETF during the 1st quarter worth about $236,000. Royal Bank of Canada purchased a new stake in ALPS Electrification Infrastructure ETF during the 1st quarter worth about $118,000. Cetera Investment Advisers lifted its holdings 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 buying an additional 18,803 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in ALPS Electrification Infrastructure ETF during the 1st quarter worth about $206,000. Finally, Diversify Wealth Management LLC purchased a new stake in ALPS Electrification Infrastructure ETF during the 1st quarter worth about $455,000.

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.