Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Trading Up 0.4% – Still a Buy?

Shares of Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) traded up 0.4% during trading on Thursday . The company traded as high as $28.46 and last traded at $28.44. 61,011 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 63,064 shares. The stock had previously closed at $28.32.

Westwood Salient Enhanced Midstream Income ETF Stock Up 0.4%

The company has a market capitalization of $196.24 million, a price-to-earnings ratio of 19.79 and a beta of 0.52. The firm has a 50 day moving average price of $26.86 and a two-hundred day moving average price of $26.51.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Thursday, January 29th were issued a dividend of $0.225 per share. The ex-dividend date was Thursday, January 29th. This represents a c) annualized dividend and a yield of 9.5%.

Institutional Trading of Westwood Salient Enhanced Midstream Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new stake in Westwood Salient Enhanced Midstream Income ETF in the fourth quarter valued at $148,000. North Star Investment Management Corp. raised its stake in shares of Westwood Salient Enhanced Midstream Income ETF by 2,026.5% in the 3rd quarter. North Star Investment Management Corp. now owns 25,518 shares of the company’s stock valued at $682,000 after purchasing an additional 24,318 shares in the last quarter. Miller Global Investments LLC bought a new position in shares of Westwood Salient Enhanced Midstream Income ETF during the fourth quarter worth about $3,022,000. Finally, Janney Montgomery Scott LLC increased its holdings in Westwood Salient Enhanced Midstream Income ETF by 34.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock valued at $4,603,000 after buying an additional 44,896 shares during the last quarter.

About Westwood Salient Enhanced Midstream Income ETF

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. MDST was launched on Apr 9, 2024 and is issued by Westwood.