VanEck Energy Income ETF (NYSEARCA:EINC) Trading Down 0.2% – Here’s What Happened

VanEck Energy Income ETF (NYSEARCA:EINC)’s share price fell 0.2% during mid-day trading on Thursday . The company traded as low as $114.57 and last traded at $116.98. 6,194 shares were traded during trading, a decline of 27% from the average session volume of 8,518 shares. The stock had previously closed at $117.25.

VanEck Energy Income ETF Price Performance

The business’s 50 day moving average price is $116.17 and its 200-day moving average price is $104.72. The firm has a market capitalization of $141.55 million, a price-to-earnings ratio of 19.11 and a beta of 0.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EINC. Tucker Asset Management LLC acquired a new position in shares of VanEck Energy Income ETF during the fourth quarter worth about $65,000. Rockefeller Capital Management L.P. grew its position in VanEck Energy Income ETF by 13.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock worth $190,000 after buying an additional 234 shares during the period. Arax Advisory Partners acquired a new position in VanEck Energy Income ETF during the fourth quarter worth about $244,000. 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 during the period. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in VanEck Energy Income ETF during the third quarter worth about $264,000.

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.