Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Stock Price Up 0.4% – Time to Buy?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) shares rose 0.4% on Thursday . The stock traded as high as $28.46 and last traded at $28.44. Approximately 61,011 shares traded hands during trading, a decline of 3% from the average daily volume of 63,064 shares. The stock had previously closed at $28.32.

Westwood Salient Enhanced Midstream Income ETF Trading Up 0.3%

The firm’s 50 day simple moving average is $26.91 and its 200-day simple moving average is $26.53. The stock has a market capitalization of $196.86 million, a price-to-earnings ratio of 19.79 and a beta of 0.52.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Thursday, January 29th were given a dividend of $0.225 per share. The ex-dividend date was Thursday, January 29th. This represents a c) annualized dividend and a yield of 9.5%.

Institutional Investors Weigh In On Westwood Salient Enhanced Midstream Income ETF

A number of institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC increased its holdings in shares of Westwood Salient Enhanced Midstream Income ETF by 34.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock worth $4,603,000 after purchasing an additional 44,896 shares during the period. Miller Global Investments LLC acquired a new stake in Westwood Salient Enhanced Midstream Income ETF during the fourth quarter worth approximately $3,022,000. North Star Investment Management Corp. grew its position in Westwood Salient Enhanced Midstream Income ETF by 181.2% during 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 in the last quarter. Finally, Parallel Advisors LLC bought a new position in Westwood Salient Enhanced Midstream Income ETF during the 4th quarter worth $148,000.

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.