Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Shares Down 0.3% – Here’s What Happened

by · The Cerbat Gem

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST – Get Free Report) shares were down 0.3% during mid-day trading on Thursday . The company traded as low as $29.84 and last traded at $29.98. Approximately 54,592 shares traded hands during trading, a decline of 8% from the average daily volume of 59,341 shares. The stock had previously closed at $30.06.

Westwood Salient Enhanced Midstream Income ETF Price Performance

The business’s 50-day moving average price is $28.86 and its 200-day moving average price is $27.58. The firm has a market capitalization of $254.16 million, a PE ratio of 19.79 and a beta of 0.29.

Westwood Salient Enhanced Midstream Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Thursday, February 26th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 9.0%.

Institutional Investors Weigh In On Westwood Salient Enhanced Midstream Income ETF

Several hedge funds have recently modified their holdings of MDST. Miller Global Investments LLC acquired a new stake in shares of Westwood Salient Enhanced Midstream Income ETF during the fourth quarter worth $3,022,000. North Star Investment Management Corp. lifted its holdings in shares of Westwood Salient Enhanced Midstream Income ETF by 181.2% during the fourth quarter. North Star Investment Management Corp. now owns 71,764 shares of the company’s stock worth $1,896,000 after purchasing an additional 46,246 shares during the period. Parallel Advisors LLC acquired a new stake in shares of Westwood Salient Enhanced Midstream Income ETF during the fourth quarter worth $148,000. Finally, Janney Montgomery Scott LLC lifted its holdings 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 worth $4,603,000 after purchasing an additional 44,896 shares during the period.

Westwood Salient Enhanced Midstream Income ETF Company Profile

(Get Free Report)

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.

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