VanEck Energy Income ETF (NYSEARCA:EINC) Trading Down 0.2% – Here’s What Happened

VanEck Energy Income ETF (NYSEARCA:EINC) shares were down 0.2% on Thursday . The stock traded as low as $114.57 and last traded at $116.98. Approximately 6,194 shares traded hands during trading, a decline of 27% from the average daily volume of 8,518 shares. The stock had previously closed at $117.25.

VanEck Energy Income ETF Price Performance

The firm’s 50-day simple moving average is $116.17 and its two-hundred day simple moving average is $104.72. The company has a market capitalization of $141.55 million, a price-to-earnings ratio of 19.11 and a beta of 0.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its position in VanEck Energy Income ETF by 32.4% during the fourth quarter. Van ECK Associates Corp now owns 260,268 shares of the company’s stock worth $25,051,000 after buying an additional 63,646 shares during the period. LPL Financial LLC grew its position in VanEck Energy Income ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 65,130 shares of the company’s stock worth $6,269,000 after buying an additional 5,758 shares during the period. OLD Mission Capital LLC grew its position in VanEck Energy Income ETF by 36.9% during the fourth quarter. OLD Mission Capital LLC now owns 20,091 shares of the company’s stock worth $1,934,000 after buying an additional 5,410 shares during the period. Wealthfront Advisers LLC grew its position in VanEck Energy Income ETF by 6.8% during the third quarter. Wealthfront Advisers LLC now owns 17,822 shares of the company’s stock worth $1,767,000 after buying an additional 1,141 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of VanEck Energy Income ETF by 119.6% in the third quarter. Raymond James Financial Inc. now owns 7,897 shares of the company’s stock valued at $783,000 after purchasing an additional 4,301 shares in the last quarter.

About VanEck Energy Income ETF

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.