ALPS Electrification Infrastructure ETF $ELFY Shares Acquired by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. increased its holdings in shares of ALPS Electrification Infrastructure ETF (NASDAQ:ELFY) by 71.2% during the second quarter, HoldingsChannel reports. The fund owned 246,250 shares of the company’s stock after buying an additional 102,450 shares during the period. ALPS Electrification Infrastructure ETF comprises approximately 1.1% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 22nd biggest holding. Redhawk Wealth Advisors Inc. owned 0.05% of ALPS Electrification Infrastructure ETF worth $11,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in shares of ALPS Electrification Infrastructure ETF by 6,816.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 592,370 shares of the company’s stock worth $20,851,000 after purchasing an additional 583,805 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of ALPS Electrification Infrastructure ETF by 565.8% in the 4th quarter. Osaic Holdings Inc. now owns 49,879 shares of the company’s stock valued at $1,756,000 after purchasing an additional 42,387 shares in the last quarter. OLD Mission Capital LLC lifted its position in shares of ALPS Electrification Infrastructure ETF by 145.2% during the 4th quarter. OLD Mission Capital LLC now owns 31,589 shares of the company’s stock valued at $1,112,000 after acquiring an additional 18,707 shares during the period. Cetera Investment Advisers raised its holdings in ALPS Electrification Infrastructure ETF by 232.0% during the first 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. Finally, Farther Finance Advisors LLC boosted its position in ALPS Electrification Infrastructure ETF by 904.2% during the fourth quarter. Farther Finance Advisors LLC now owns 25,034 shares of the company’s stock worth $881,000 after purchasing an additional 22,541 shares in the last quarter.

ALPS Electrification Infrastructure ETF Stock Performance

ALPS Electrification Infrastructure ETF stock opened at $41.81 on Tuesday. The firm has a market capitalization of $197.34 million, a price-to-earnings ratio of 21.95 and a beta of 0.99. ALPS Electrification Infrastructure ETF has a fifty-two week low of $33.33 and a fifty-two week high of $45.92. The stock’s fifty day moving average is $42.90 and its two-hundred day moving average is $41.79.

ALPS Electrification Infrastructure ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Thursday, June 18th were given a $0.1065 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.43 annualized dividend and a dividend yield of 1.0%. This is a boost from ALPS Electrification Infrastructure ETF’s previous quarterly dividend of $0.10.

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.