VanEck Energy Income ETF (NYSEARCA:EINC) Shares Down 0.5% – Here’s Why

Shares of VanEck Energy Income ETF (NYSEARCA:EINC) traded down 0.5% on Tuesday . The company traded as low as $98.01 and last traded at $98.01. 1,964 shares changed hands during trading, a decline of 70% from the average session volume of 6,539 shares. The stock had previously closed at $98.54.

VanEck Energy Income ETF Price Performance

The stock has a market capitalization of $79.39 million, a price-to-earnings ratio of 19.11 and a beta of 0.78. The stock has a 50-day moving average of $96.44 and a 200 day moving average of $96.15.

VanEck Energy Income ETF Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 29th were given a dividend of $0.9843 per share. The ex-dividend date was Monday, December 29th.

Institutional Trading of VanEck Energy Income ETF

A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in shares of VanEck Energy Income ETF by 21.6% in the 3rd quarter. Van ECK Associates Corp now owns 196,622 shares of the company’s stock worth $19,497,000 after purchasing an additional 34,958 shares during the last quarter. Two Sigma Investments LP bought a new position in VanEck Energy Income ETF during the third quarter worth about $694,000. Citadel Advisors LLC acquired a new position in shares of VanEck Energy Income ETF during the 3rd quarter worth about $463,000. Raymond James Financial Inc. grew its position in shares of VanEck Energy Income ETF by 119.6% during the 3rd 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 period. Finally, Royal Bank of Canada bought a new stake in shares of VanEck Energy Income ETF in the 1st quarter valued at about $328,000.

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.