VanEck Energy Income ETF (NYSEARCA:EINC) Trading Down 0.6% – What’s Next?

Shares of VanEck Energy Income ETF (NYSEARCA:EINC) were down 0.6% during trading on Monday . The company traded as low as $96.21 and last traded at $96.21. Approximately 2,247 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 5,042 shares. The stock had previously closed at $96.76.

VanEck Energy Income ETF Price Performance

The business’s 50-day moving average price is $95.48 and its 200 day moving average price is $96.24. The firm has a market capitalization of $73.12 million, a price-to-earnings ratio of 19.11 and a beta of 0.78.

VanEck Energy Income ETF Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th will be paid a dividend of $0.9843 per share. The ex-dividend date is Monday, December 29th.

Institutional Investors Weigh In On VanEck Energy Income ETF

A number of institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in VanEck Energy Income ETF by 16.0% during the second quarter. Cetera Investment Advisers now owns 2,492 shares of the company’s stock worth $246,000 after purchasing an additional 344 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC acquired a new stake in shares of VanEck Energy Income ETF during the third quarter worth $264,000. Royal Bank of Canada acquired a new stake in shares of VanEck Energy Income ETF during the first quarter worth $328,000. Summit X LLC lifted its position in shares of VanEck Energy Income ETF by 83.6% in the 2nd quarter. Summit X LLC now owns 4,472 shares of the company’s stock worth $441,000 after buying an additional 2,036 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of VanEck Energy Income ETF in the 3rd quarter valued at about $463,000.

VanEck Energy Income ETF Company Profile

The VanEck Energy Income ETF (EINC) is an exchange-traded fund that mostly invests in energy equity. The fund tracks a market cap-weighted index of North American companies in midstream energy segments. EINC was launched on Mar 13, 2012 and is managed by VanEck.