Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) Share Price Breaks Below 200-Day Moving Average – Should You Sell?

Shares of Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST – Get Free Report) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $28.81 and traded as low as $28.73. Westwood Salient Enhanced Midstream Income ETF shares last traded at $28.7030, with a volume of 71,733 shares changing hands.

Westwood Salient Enhanced Midstream Income ETF Price Performance

The firm has a market capitalization of $294.78 million, a PE ratio of 19.79 and a beta of 0.27. The firm has a 50-day simple moving average of $28.92 and a 200-day simple moving average of $28.81.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Thursday, October 29th will be paid a $0.2250 dividend. This represents a $2.70 annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Thursday, October 29th.

Institutional Trading of Westwood Salient Enhanced Midstream Income ETF

An institutional investor recently bought a new position in Westwood Salient Enhanced Midstream Income ETF stock. North Star Investment Management Corp. bought a new stake in shares of Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 301,563 shares of the company’s stock, valued at approximately $8,275,000. North Star Investment Management Corp. owned about 2.94% of Westwood Salient Enhanced Midstream Income ETF at the end of the most recent quarter.

About Westwood Salient Enhanced Midstream Income ETF

(Get Free Report)

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.

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