VanEck Energy Income ETF (NYSEARCA:EINC) Trading 1.4% Higher – Still a Buy?

VanEck Energy Income ETF (NYSEARCA:EINC)’s share price shot up 1.4% during mid-day trading on Tuesday . The company traded as high as $119.82 and last traded at $119.82. 2,184 shares were traded during trading, a decline of 79% from the average session volume of 10,420 shares. The stock had previously closed at $118.20.

VanEck Energy Income ETF Stock Up 1.4%

The company has a fifty day simple moving average of $118.40 and a 200-day simple moving average of $110.57. The firm has a market cap of $144.98 million, a P/E ratio of 19.11 and a beta of 0.58.

Institutional Investors Weigh In On VanEck Energy Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Tucker Asset Management LLC purchased a new position in shares of VanEck Energy Income ETF in the fourth quarter worth $65,000. Rockefeller Capital Management L.P. boosted its holdings in shares of VanEck Energy Income ETF by 13.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock worth $190,000 after purchasing an additional 234 shares during the period. Cetera Investment Advisers bought a new position in VanEck Energy Income ETF during the 1st quarter valued at about $229,000. Arax Advisory Partners bought a new position in VanEck Energy Income ETF in the 4th quarter valued at $244,000. Finally, Laird Norton Wetherby Wealth Management LLC bought a new position in VanEck Energy Income ETF in the third quarter worth approximately $264,000.

VanEck Energy Income ETF Company Profile

The VanEck Energy Income ETF (EINC) is an exchange-traded fund that mostly invests in energy equity. The fund tracks a market cap-weighted index of North American companies in midstream energy segments. EINC was launched on Mar 13, 2012 and is managed by VanEck.