Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Shares Down 0.1% – Time to Sell?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST)’s share price dropped 0.1% on Friday . The company traded as low as $28.41 and last traded at $28.62. Approximately 42,630 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 60,675 shares. The stock had previously closed at $28.65.

Westwood Salient Enhanced Midstream Income ETF Price Performance

The stock has a market capitalization of $229.53 million, a PE ratio of 19.79 and a beta of 0.33. The stock has a 50 day moving average of $28.54 and a two-hundred day moving average of $27.03.

Westwood Salient Enhanced Midstream Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Thursday, February 26th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 9.4%.

Hedge Funds Weigh In On Westwood Salient Enhanced Midstream Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MDST. Parallel Advisors LLC acquired a new position in Westwood Salient Enhanced Midstream Income ETF during the fourth quarter worth $148,000. North Star Investment Management Corp. raised its holdings in Westwood Salient Enhanced Midstream Income ETF by 2,026.5% during the third quarter. North Star Investment Management Corp. now owns 25,518 shares of the company’s stock worth $682,000 after purchasing an additional 24,318 shares during the last quarter. Miller Global Investments LLC acquired a new position in Westwood Salient Enhanced Midstream Income ETF during the fourth quarter worth $3,022,000. Finally, Janney Montgomery Scott LLC raised its holdings in Westwood Salient Enhanced Midstream Income ETF by 34.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock worth $4,603,000 after purchasing 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.