VanEck Energy Income ETF (NYSEARCA:EINC) Shares Down 0.7% – What’s Next?

VanEck Energy Income ETF (NYSEARCA:EINC) shares were down 0.7% during mid-day trading on Thursday . The company traded as low as $115.40 and last traded at $115.84. Approximately 15,508 shares changed hands during trading, an increase of 114% from the average daily volume of 7,240 shares. The stock had previously closed at $116.60.

VanEck Energy Income ETF Trading Down 0.7%

The business’s 50-day simple moving average is $103.80 and its two-hundred day simple moving average is $98.77. The firm has a market cap of $97.31 million, a price-to-earnings ratio of 19.11 and a beta of 0.78.

VanEck Energy Income ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.5418 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.17 annualized dividend and a dividend yield of 1.9%.

Institutional Investors Weigh In On VanEck Energy Income ETF

Large investors have recently bought and sold shares of the stock. Tucker Asset Management LLC bought a new stake in VanEck Energy Income ETF in the fourth quarter valued at $65,000. 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 during the period. Arax Advisory Partners acquired a new stake in shares of VanEck Energy Income ETF in the 4th quarter valued at about $244,000. Laird Norton Wetherby Wealth Management LLC bought a new stake in VanEck Energy Income ETF in the 3rd quarter valued at about $264,000. Finally, EP Wealth Advisors LLC acquired a new position in VanEck Energy Income ETF during the 4th quarter worth approximately $289,000.

About VanEck Energy Income ETF

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.