Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Stock Price Up 0.4% – Should You Buy?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST)’s stock price traded up 0.4% on Monday . The company traded as high as $30.22 and last traded at $29.91. Approximately 56,051 shares traded hands during trading, a decline of 8% from the average session volume of 60,830 shares. The stock had previously closed at $29.78.

Westwood Salient Enhanced Midstream Income ETF Trading Up 0.4%

The company has a market capitalization of $287.14 million, a P/E ratio of 19.79 and a beta of 0.23. The firm’s 50 day moving average price is $29.29 and its two-hundred day moving average price is $28.47.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. increased its stake in Westwood Salient Enhanced Midstream Income ETF by 136.5% in the 1st quarter. North Star Investment Management Corp. now owns 169,686 shares of the company’s stock valued at $4,853,000 after buying an additional 97,922 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Westwood Salient Enhanced Midstream Income ETF by 34.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock worth $4,603,000 after buying an additional 44,896 shares in the last quarter. Finally, Parallel Advisors LLC bought a new stake in Westwood Salient Enhanced Midstream Income ETF during the 4th quarter worth about $148,000.

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.