VanEck Energy Income ETF (NYSEARCA:EINC) Trading Down 0.6% – Should You Sell?

Shares of VanEck Energy Income ETF (NYSEARCA:EINC) traded down 0.6% during mid-day trading on Monday . The company traded as low as $96.21 and last traded at $96.21. 2,247 shares were traded during mid-day trading, a decline of 55% from the average session volume of 5,042 shares. The stock had previously closed at $96.76.

VanEck Energy Income ETF Trading Down 0.6%

The firm has a market capitalization of $73.12 million, a PE ratio of 19.11 and a beta of 0.78. The firm’s fifty day moving average price is $95.48 and its 200 day moving average price is $96.24.

VanEck Energy Income ETF Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th will be paid a $0.9843 dividend. The ex-dividend date is Monday, December 29th.

Institutional Investors Weigh In On VanEck Energy Income ETF

Several institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of VanEck Energy Income ETF by 16.0% in the 2nd quarter. Cetera Investment Advisers now owns 2,492 shares of the company’s stock valued at $246,000 after buying an additional 344 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC bought a new position in VanEck Energy Income ETF during the third quarter valued at approximately $264,000. Royal Bank of Canada acquired a new stake in VanEck Energy Income ETF in the first quarter valued at approximately $328,000. Summit X LLC grew its position in VanEck Energy Income ETF by 83.6% in the second quarter. Summit X LLC now owns 4,472 shares of the company’s stock worth $441,000 after acquiring an additional 2,036 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of VanEck Energy Income ETF during the 3rd quarter worth $463,000.

VanEck Energy Income ETF Company Profile

The VanEck Energy Income ETF (EINC) is an exchange-traded fund that mostly invests in energy equity. The fund tracks a market cap-weighted index of North American companies in midstream energy segments. EINC was launched on Mar 13, 2012 and is managed by VanEck.