Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Shares Down 0.7% – Here’s Why

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) shares dropped 0.7% during mid-day trading on Wednesday . The stock traded as low as $25.81 and last traded at $25.95. Approximately 38,988 shares traded hands during trading, an increase of 5% from the average daily volume of 37,225 shares. The stock had previously closed at $26.13.

Westwood Salient Enhanced Midstream Income ETF Stock Down 0.7%

The firm’s 50-day moving average price is $26.09 and its 200 day moving average price is $26.53. The firm has a market cap of $154.92 million, a P/E ratio of 19.79 and a beta of 0.52.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 26th will be given a $0.225 dividend. The ex-dividend date is Wednesday, November 26th. This represents a c) annualized dividend and a yield of 10.4%.

Institutional Investors Weigh In On Westwood Salient Enhanced Midstream Income ETF

A number of hedge funds have recently made changes to their positions in MDST. North Star Investment Management Corp. boosted its position in shares of Westwood Salient Enhanced Midstream Income ETF by 2,026.5% during the third quarter. North Star Investment Management Corp. now owns 25,518 shares of the company’s stock worth $682,000 after buying an additional 24,318 shares during the period. Janney Montgomery Scott LLC increased its position in Westwood Salient Enhanced Midstream Income ETF by 26.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 93,900 shares of the company’s stock valued at $2,544,000 after acquiring an additional 19,893 shares during the period. Finally, OLD Mission Capital LLC raised its stake in Westwood Salient Enhanced Midstream Income ETF by 4.1% during the 1st quarter. OLD Mission Capital LLC now owns 16,757 shares of the company’s stock valued at $466,000 after acquiring an additional 666 shares in the last quarter.

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.