Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Stock Price Up 1.4% – Still a Buy?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST)’s stock price shot up 1.4% during trading on Wednesday . The company traded as high as $27.54 and last traded at $27.49. 59,958 shares were traded during trading, a decline of 2% from the average session volume of 61,231 shares. The stock had previously closed at $27.10.

Westwood Salient Enhanced Midstream Income ETF Stock Up 1.4%

The stock has a fifty day moving average price of $26.34 and a two-hundred day moving average price of $26.38. The company has a market capitalization of $189.68 million, a price-to-earnings ratio of 19.79 and a beta of 0.52.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 9th. Investors of record on Monday, January 5th were paid a $0.225 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a c) annualized dividend and a yield of 9.8%.

Institutional Investors Weigh In On Westwood Salient Enhanced Midstream Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. North Star Investment Management Corp. raised its position in shares of Westwood Salient Enhanced Midstream Income ETF by 2,026.5% in the third quarter. North Star Investment Management Corp. now owns 25,518 shares of the company’s stock valued at $682,000 after buying an additional 24,318 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Westwood Salient Enhanced Midstream Income ETF by 26.9% during the second quarter. Janney Montgomery Scott LLC now owns 93,900 shares of the company’s stock worth $2,544,000 after acquiring an additional 19,893 shares during the last quarter. Finally, Miller Global Investments LLC purchased a new stake in Westwood Salient Enhanced Midstream Income ETF in the 4th quarter worth approximately $3,022,000.

Westwood Salient Enhanced Midstream Income ETF Company Profile

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.