Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Shares Up 1.4% – Time to Buy?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) shares were up 1.4% during mid-day trading on Wednesday . The stock traded as high as $27.54 and last traded at $27.49. Approximately 59,958 shares traded hands during trading, a decline of 2% from the average daily volume of 61,231 shares. The stock had previously closed at $27.10.

Westwood Salient Enhanced Midstream Income ETF Trading Up 1.4%

The firm has a market cap of $189.68 million, a PE ratio of 19.79 and a beta of 0.52. The stock’s 50 day moving average price is $26.34 and its 200 day moving average price is $26.38.

Westwood Salient Enhanced Midstream Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, January 5th were given a $0.225 dividend. The ex-dividend date of this dividend was Monday, January 5th. This represents a c) annualized dividend and a yield of 9.8%.

Institutional Investors Weigh In On Westwood Salient Enhanced Midstream Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Miller Global Investments LLC purchased a new stake in shares of Westwood Salient Enhanced Midstream Income ETF during the 4th quarter valued at about $3,022,000. North Star Investment Management Corp. boosted its holdings in Westwood Salient Enhanced Midstream Income ETF by 2,026.5% in the 3rd quarter. North Star Investment Management Corp. now owns 25,518 shares of the company’s stock worth $682,000 after acquiring an additional 24,318 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in Westwood Salient Enhanced Midstream Income ETF by 26.9% in the second 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 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.