Ascent Advisors LLC Makes New Investment in VanEck Energy Income ETF $EINC

Ascent Advisors LLC bought a new stake in VanEck Energy Income ETF (NYSEARCA:EINC) during the 1st quarter, HoldingsChannel reports. The fund bought 7,146 shares of the company’s stock, valued at approximately $842,000. VanEck Energy Income ETF makes up 1.3% of Ascent Advisors LLC’s holdings, making the stock its 17th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in shares of VanEck Energy Income ETF during the 4th quarter worth approximately $65,000. Rockefeller Capital Management L.P. increased its stake in VanEck Energy Income ETF by 13.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock valued at $190,000 after acquiring an additional 234 shares during the last quarter. Cetera Investment Advisers increased its stake in VanEck Energy Income ETF by 16.0% in the second quarter. Cetera Investment Advisers now owns 2,492 shares of the company’s stock valued at $246,000 after acquiring an additional 344 shares during the last quarter. Arax Advisory Partners acquired a new position in VanEck Energy Income ETF during the fourth quarter valued at approximately $244,000. Finally, Apollon Wealth Management LLC raised its position in VanEck Energy Income ETF by 10.1% during the first quarter. Apollon Wealth Management LLC now owns 2,547 shares of the company’s stock valued at $300,000 after purchasing an additional 233 shares in the last quarter.

VanEck Energy Income ETF Price Performance

NYSEARCA EINC opened at $122.10 on Thursday. The business has a fifty day moving average price of $119.62 and a two-hundred day moving average price of $112.31. The stock has a market capitalization of $111.11 million, a PE ratio of 19.11 and a beta of 0.58. VanEck Energy Income ETF has a fifty-two week low of $91.21 and a fifty-two week high of $125.71.

VanEck Energy Income ETF 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.