Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Trading 0.9% Higher – Time to Buy?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) shares shot up 0.9% during mid-day trading on Thursday . The company traded as high as $29.17 and last traded at $28.90. 70,525 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 59,899 shares. The stock had previously closed at $28.64.

Westwood Salient Enhanced Midstream Income ETF Stock Performance

The company has a market capitalization of $199.41 million, a P/E ratio of 19.79 and a beta of 0.52. The company has a 50-day simple moving average of $27.86 and a 200 day simple moving average of $26.80.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Thursday, February 26th were paid a $0.225 dividend. The ex-dividend date was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 9.3%.

Hedge Funds Weigh In On Westwood Salient Enhanced Midstream Income ETF

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC bought a new stake in Westwood Salient Enhanced Midstream Income ETF in the 4th quarter valued at $148,000. North Star Investment Management Corp. increased its holdings in shares of Westwood Salient Enhanced Midstream Income ETF by 2,026.5% during the 3rd quarter. North Star Investment Management Corp. now owns 25,518 shares of the company’s stock worth $682,000 after purchasing an additional 24,318 shares during the period. Miller Global Investments LLC bought a new position in shares of Westwood Salient Enhanced Midstream Income ETF during the 4th quarter worth about $3,022,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Westwood Salient Enhanced Midstream Income ETF by 34.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock valued at $4,603,000 after buying an additional 44,896 shares during 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. MDST was launched on Apr 9, 2024 and is issued by Westwood.