VanEck Energy Income ETF (NYSEARCA:EINC) Stock Price Down 0.7% – Time to Sell?

VanEck Energy Income ETF (NYSEARCA:EINC)’s stock price fell 0.7% on Thursday . The stock traded as low as $115.40 and last traded at $115.84. 15,508 shares traded hands during trading, an increase of 114% from the average session volume of 7,240 shares. The stock had previously closed at $116.60.

VanEck Energy Income ETF Stock Performance

The business has a fifty day simple moving average of $103.80 and a 200 day simple moving average of $98.77. The stock has a market capitalization of $97.31 million, a price-to-earnings ratio of 19.11 and a beta of 0.78.

VanEck Energy Income ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.5418 dividend. The ex-dividend date was Monday, February 2nd. This represents a $2.17 annualized dividend and a dividend yield of 1.9%.

Institutional Trading of VanEck Energy Income ETF

A number of institutional investors have recently bought and sold shares of EINC. Tucker Asset Management LLC acquired a new position in shares of VanEck Energy Income ETF during the 4th quarter worth approximately $65,000. Cetera Investment Advisers grew its position 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 buying an additional 344 shares in the last quarter. Arax Advisory Partners acquired a new stake in VanEck Energy Income ETF during the fourth quarter worth approximately $244,000. Laird Norton Wetherby Wealth Management LLC bought a new position in VanEck Energy Income ETF during the 3rd quarter worth $264,000. Finally, EP Wealth Advisors LLC acquired a new position in VanEck Energy Income ETF in the 4th quarter valued at $289,000.

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.