Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Trading 0% Higher – Time to Buy?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) traded up 0% on Friday . The company traded as high as $29.40 and last traded at $29.13. 57,743 shares traded hands during trading, a decline of 7% from the average session volume of 61,811 shares. The stock had previously closed at $29.12.

Westwood Salient Enhanced Midstream Income ETF Trading Up 0.0%

The stock has a market capitalization of $245.57 million, a price-to-earnings ratio of 19.79 and a beta of 0.24. The stock has a 50-day moving average price of $28.94 and a 200 day moving average price of $27.92.

Institutional Trading of Westwood Salient Enhanced Midstream Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new position in Westwood Salient Enhanced Midstream Income ETF during the fourth quarter worth about $148,000. Janney Montgomery Scott LLC boosted its holdings in shares of Westwood Salient Enhanced Midstream Income ETF by 34.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock valued at $4,603,000 after purchasing an additional 44,896 shares during the last quarter. North Star Investment Management Corp. raised its stake in shares of Westwood Salient Enhanced Midstream Income ETF by 181.2% in the 4th quarter. North Star Investment Management Corp. now owns 71,764 shares of the company’s stock valued at $1,896,000 after acquiring an additional 46,246 shares during the period. Finally, Miller Global Investments LLC purchased a new position in shares of Westwood Salient Enhanced Midstream Income ETF in the 4th quarter valued at $3,022,000.

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.