Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Stock Price Down 0.3% – What’s Next?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) shares traded down 0.3% during mid-day trading on Thursday . The stock traded as low as $29.84 and last traded at $29.98. 54,592 shares changed hands during trading, a decline of 8% from the average session volume of 59,341 shares. The stock had previously closed at $30.06.

Westwood Salient Enhanced Midstream Income ETF Trading Down 0.3%

The company has a market cap of $252.73 million, a P/E ratio of 19.79 and a beta of 0.29. The firm has a 50 day moving average of $28.83 and a 200-day moving average of $27.56.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Thursday, February 26th were issued a dividend of $0.225 per share. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date was Thursday, February 26th.

Hedge Funds Weigh In On Westwood Salient Enhanced Midstream Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of MDST. Parallel Advisors LLC bought a new stake in shares of Westwood Salient Enhanced Midstream Income ETF during the 4th quarter worth approximately $148,000. North Star Investment Management Corp. raised its position in Westwood Salient Enhanced Midstream Income ETF by 181.2% during the 4th quarter. North Star Investment Management Corp. now owns 71,764 shares of the company’s stock valued at $1,896,000 after purchasing an additional 46,246 shares in the last quarter. Miller Global Investments LLC purchased a new stake in shares of Westwood Salient Enhanced Midstream Income ETF during the 4th quarter worth $3,022,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Westwood Salient Enhanced Midstream Income ETF by 34.7% during the 4th 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 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.