Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Trading 0.9% Higher – What’s Next?

Shares of Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) shot up 0.9% during trading on Thursday . The stock traded as high as $29.17 and last traded at $28.90. 70,525 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 59,899 shares. The stock had previously closed at $28.64.

Westwood Salient Enhanced Midstream Income ETF Price Performance

The company’s 50 day simple moving average is $27.91 and its 200 day simple moving average is $26.81. The firm has a market cap of $199.48 million, a price-to-earnings ratio of 19.79 and a beta of 0.52.

Westwood Salient Enhanced Midstream Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Thursday, February 26th were issued a dividend of $0.225 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date was Thursday, February 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new stake in Westwood Salient Enhanced Midstream Income ETF during the fourth quarter worth about $148,000. North Star Investment Management Corp. lifted its position in Westwood Salient Enhanced Midstream Income ETF by 2,026.5% during the third quarter. North Star Investment Management Corp. now owns 25,518 shares of the company’s stock valued at $682,000 after buying an additional 24,318 shares in the last quarter. Miller Global Investments LLC acquired a new position in Westwood Salient Enhanced Midstream Income ETF during the fourth quarter valued at approximately $3,022,000. Finally, Janney Montgomery Scott LLC grew its stake in 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 buying an additional 44,896 shares during the period.

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.