Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Shares Up 0.1% – Here’s What Happened

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) shot up 0.1% during mid-day trading on Thursday . The company traded as high as $27.11 and last traded at $27.07. 36,040 shares were traded during mid-day trading, an increase of 6% from the average session volume of 33,851 shares. The stock had previously closed at $27.05.

Westwood Salient Enhanced Midstream Income ETF Stock Up 0.1%

The company has a market capitalization of $126.69 million, a price-to-earnings ratio of 19.79 and a beta of 0.28. The stock’s fifty day moving average price is $26.71 and its 200-day moving average price is $26.69.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, August 28th were issued a dividend of $0.225 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date was Thursday, August 28th.

Hedge Funds Weigh In On Westwood Salient Enhanced Midstream Income ETF

Institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. acquired a new position in Westwood Salient Enhanced Midstream Income ETF during the second quarter worth $33,000. OLD Mission Capital LLC increased its holdings in Westwood Salient Enhanced Midstream Income ETF by 4.1% during the first quarter. OLD Mission Capital LLC now owns 16,757 shares of the company’s stock worth $466,000 after buying an additional 666 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Westwood Salient Enhanced Midstream Income ETF by 79.1% during the first quarter. Janney Montgomery Scott LLC now owns 74,007 shares of the company’s stock worth $2,059,000 after buying an additional 32,692 shares during the last quarter.

Westwood Salient Enhanced Midstream Income ETF Company Profile

The Westwood Salient Enhanced Midstream Income ETF (MDST) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed fund that invests in midstream North American companies and US master limited partnerships (MLPs). In addition, the fund enhances income through covered call options.