VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report) shares fell 1.8% on Thursday. The company traded as low as $115.28 and last traded at $115.40. 1,813 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 10,722 shares. The stock had previously closed at $117.46.
VanEck Energy Income ETF Trading Up 2.8%
The company has a fifty day simple moving average of $118.62 and a 200-day simple moving average of $118.93. The stock has a market cap of $81.88 million, a price-to-earnings ratio of 19.11 and a beta of 0.63.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in EINC. Cetera Investment Advisers acquired a new stake in shares of VanEck Energy Income ETF during the first quarter valued at approximately $229,000. Rockefeller Capital Management L.P. boosted its stake in VanEck Energy Income ETF by 13.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock worth $190,000 after purchasing an additional 234 shares during the period. Apollon Wealth Management LLC boosted its stake in VanEck Energy Income ETF by 10.1% in the 1st quarter. Apollon Wealth Management LLC now owns 2,547 shares of the company’s stock worth $300,000 after purchasing an additional 233 shares during the period. Compass Financial Management LLC purchased a new position in VanEck Energy Income ETF during the 2nd quarter worth approximately $329,000. Finally, Tucker Asset Management LLC grew its position in VanEck Energy Income ETF by 123.9% during the 2nd quarter. Tucker Asset Management LLC now owns 4,061 shares of the company’s stock worth $484,000 after purchasing an additional 2,247 shares in the last quarter.
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.
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