Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) Shares Down 0.1% – Time to Sell?

Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) fell 0.1% during trading on Wednesday . The company traded as low as $29.54 and last traded at $29.74. Approximately 56,760 shares were traded during trading, a decline of 9% from the average daily volume of 62,215 shares. The stock had previously closed at $29.76.

Westwood Salient Enhanced Midstream Income ETF Stock Performance

The stock has a market capitalization of $289.37 million, a P/E ratio of 19.79 and a beta of 0.23. The business has a 50 day simple moving average of $29.43 and a 200-day simple moving average of $29.06.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Thursday, July 30th were given a $0.225 dividend. The ex-dividend date was Thursday, July 30th. This represents a c) annualized dividend and a yield of 9.1%.

Institutional Trading of Westwood Salient Enhanced Midstream Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MDST. Parallel Advisors LLC acquired a new position in Westwood Salient Enhanced Midstream Income ETF in the fourth quarter worth approximately $148,000. Janney Montgomery Scott LLC lifted 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 valued at $4,603,000 after purchasing an additional 44,896 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in Westwood Salient Enhanced Midstream Income ETF by 136.5% in the 1st quarter. North Star Investment Management Corp. now owns 169,686 shares of the company’s stock worth $4,853,000 after purchasing an additional 97,922 shares in the last quarter.

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.