Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Stock Price Down 0.3% – What’s Next?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST)’s stock price dropped 0.3% on Thursday . The stock traded as low as $25.80 and last traded at $25.87. Approximately 78,401 shares traded hands during trading, an increase of 110% from the average daily volume of 37,368 shares. The stock had previously closed at $25.96.

Westwood Salient Enhanced Midstream Income ETF Stock Performance

The stock’s 50-day moving average is $25.95 and its 200 day moving average is $26.47. The stock has a market capitalization of $154.50 million, a PE ratio of 19.79 and a beta of 0.52.

Institutional Trading of Westwood Salient Enhanced Midstream Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. North Star Investment Management Corp. purchased a new position in Westwood Salient Enhanced Midstream Income ETF during the 2nd quarter worth approximately $33,000. OLD Mission Capital LLC lifted its stake in Westwood Salient Enhanced Midstream Income ETF by 4.1% in the first quarter. OLD Mission Capital LLC now owns 16,757 shares of the company’s stock valued at $466,000 after buying an additional 666 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Westwood Salient Enhanced Midstream Income ETF by 26.9% during the second quarter. Janney Montgomery Scott LLC now owns 93,900 shares of the company’s stock worth $2,544,000 after acquiring an additional 19,893 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.