Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Shares Up 0% – Here’s Why

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST)’s share price traded up 0% during trading on Friday . The stock traded as high as $29.40 and last traded at $29.13. 57,743 shares were traded during mid-day trading, a decline of 7% from the average session volume of 61,811 shares. The stock had previously closed at $29.12.

Westwood Salient Enhanced Midstream Income ETF Stock Up 0.0%

The company has a 50 day moving average price of $28.94 and a 200-day moving average price of $27.92. The company has a market cap of $245.57 million, a price-to-earnings ratio of 19.79 and a beta of 0.24.

Hedge Funds Weigh In On Westwood Salient Enhanced Midstream Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MDST. Miller Global Investments LLC bought a new position in shares of Westwood Salient Enhanced Midstream Income ETF during the 4th quarter worth about $3,022,000. North Star Investment Management Corp. boosted its holdings in Westwood Salient Enhanced Midstream Income ETF by 136.5% in the first quarter. North Star Investment Management Corp. now owns 169,686 shares of the company’s stock worth $4,853,000 after acquiring an additional 97,922 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Westwood Salient Enhanced Midstream Income ETF by 34.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock valued at $4,603,000 after acquiring an additional 44,896 shares during the period. Finally, Parallel Advisors LLC bought a new stake in shares of Westwood Salient Enhanced Midstream Income ETF during the fourth quarter valued at approximately $148,000.

About Westwood Salient Enhanced Midstream Income ETF

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.