Van ECK Associates Corp Acquires 34,958 Shares of VanEck Energy Income ETF $EINC

Van ECK Associates Corp raised its stake in shares of VanEck Energy Income ETF (NYSEARCA:EINC) by 21.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,622 shares of the company’s stock after buying an additional 34,958 shares during the quarter. Van ECK Associates Corp owned about 25.87% of VanEck Energy Income ETF worth $19,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EINC. Wealthfront Advisers LLC boosted its position in shares of VanEck Energy Income ETF by 6.8% in the third quarter. Wealthfront Advisers LLC now owns 17,822 shares of the company’s stock valued at $1,767,000 after acquiring an additional 1,141 shares during the period. Castleview Partners LLC boosted its holdings in VanEck Energy Income ETF by 26.3% in the 3rd quarter. Castleview Partners LLC now owns 9,329 shares of the company’s stock valued at $925,000 after purchasing an additional 1,944 shares during the period. Royal Bank of Canada bought a new position in VanEck Energy Income ETF in the 1st quarter valued at $328,000. Finally, Cetera Investment Advisers grew its position in shares of VanEck Energy Income ETF by 16.0% during the 2nd quarter. Cetera Investment Advisers now owns 2,492 shares of the company’s stock valued at $246,000 after purchasing an additional 344 shares in the last quarter.

VanEck Energy Income ETF Trading Down 0.1%

Shares of VanEck Energy Income ETF stock traded down $0.11 during trading on Friday, hitting $115.53. The stock had a trading volume of 1,479 shares, compared to its average volume of 7,952. The firm has a market cap of $97.05 million, a price-to-earnings ratio of 19.11 and a beta of 0.78. VanEck Energy Income ETF has a 12 month low of $80.41 and a 12 month high of $117.60. The business’s 50-day moving average is $105.70 and its 200 day moving average is $99.46.

VanEck Energy Income ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.5418 per share. This represents a $2.17 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, February 2nd.

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.