Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) Stock Price Down 0.7% – Here’s Why

Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST – Get Free Report) shares traded down 0.7% during mid-day trading on Thursday. The company traded as low as $28.52 and last traded at $28.58. Approximately 64,636 shares changed hands during trading, an increase of 3% from the average daily volume of 62,914 shares. The stock had previously closed at $28.79.

Westwood Salient Enhanced Midstream Income ETF Stock Down 1.4%

The firm’s fifty day simple moving average is $29.40 and its 200-day simple moving average is $29.12. The company has a market cap of $287.29 million, a PE ratio of 19.79 and a beta of 0.23.

Westwood Salient Enhanced Midstream Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, August 4th. Investors of record on Thursday, July 30th were paid a $0.2250 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $2.70 dividend on an annualized basis and a yield of 9.6%.

Hedge Funds Weigh In On Westwood Salient Enhanced Midstream Income ETF

An institutional investor recently raised its position in Westwood Salient Enhanced Midstream Income ETF stock. North Star Investment Management Corp. grew its stake in Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST – Free Report) by 136.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,686 shares of the company’s stock after acquiring an additional 97,922 shares during the quarter. North Star Investment Management Corp. owned about 2.08% of Westwood Salient Enhanced Midstream Income ETF worth $4,853,000 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.

Further Reading

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