VanEck Energy Income ETF (NYSEARCA:EINC) Trading Up 1.4% – Should You Buy?

VanEck Energy Income ETF (NYSEARCA:EINC) rose 1.4% during trading on Wednesday . The company traded as high as $108.54 and last traded at $108.45. Approximately 5,182 shares changed hands during trading, an increase of 1% from the average daily volume of 5,146 shares. The stock had previously closed at $106.99.

VanEck Energy Income ETF Price Performance

The company has a market cap of $91.10 million, a P/E ratio of 19.11 and a beta of 0.78. The firm’s 50-day moving average is $98.77 and its two-hundred day moving average is $96.96.

VanEck Energy Income ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.5418 per share. This represents a $2.17 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in VanEck Energy Income ETF by 21.6% during the third quarter. Van ECK Associates Corp now owns 196,622 shares of the company’s stock valued at $19,497,000 after purchasing an additional 34,958 shares during the period. Two Sigma Investments LP purchased a new position in shares of VanEck Energy Income ETF in the 3rd quarter worth approximately $694,000. LPL Financial LLC increased its position in shares of VanEck Energy Income ETF by 9.7% during the 4th quarter. LPL Financial LLC now owns 65,130 shares of the company’s stock valued at $6,269,000 after purchasing an additional 5,758 shares during the last quarter. Citadel Advisors LLC purchased a new stake in VanEck Energy Income ETF during the 3rd quarter valued at $463,000. Finally, Raymond James Financial Inc. lifted its position in VanEck Energy Income ETF by 119.6% in the third quarter. Raymond James Financial Inc. now owns 7,897 shares of the company’s stock worth $783,000 after buying an additional 4,301 shares during the last quarter.

About VanEck Energy Income ETF

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.