Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Trading 0.9% Higher – Time to Buy?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST)’s share price was up 0.9% during trading on Thursday . The stock traded as high as $29.17 and last traded at $28.90. Approximately 70,525 shares changed hands during trading, an increase of 18% from the average daily volume of 59,899 shares. The stock had previously closed at $28.64.

Westwood Salient Enhanced Midstream Income ETF Price Performance

The stock has a market cap of $199.41 million, a price-to-earnings ratio of 19.79 and a beta of 0.52. The business has a fifty day moving average of $27.86 and a 200 day moving average of $26.80.

Westwood Salient Enhanced Midstream Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Thursday, February 26th were paid a dividend of $0.225 per share. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 9.3%.

Institutional Investors Weigh In On Westwood Salient Enhanced Midstream Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in shares of Westwood Salient Enhanced Midstream Income ETF by 34.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock valued at $4,603,000 after purchasing an additional 44,896 shares during the last quarter. 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. lifted its position in shares of Westwood Salient Enhanced Midstream Income ETF by 181.2% in the fourth quarter. North Star Investment Management Corp. now owns 71,764 shares of the company’s stock worth $1,896,000 after buying an additional 46,246 shares during the last quarter. Finally, Miller Global Investments LLC acquired a new stake in shares of Westwood Salient Enhanced Midstream Income ETF in the fourth quarter worth about $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.