VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $116.87 and traded as low as $114.24. VanEck Energy Income ETF shares last traded at $114.62, with a volume of 9,802 shares trading hands.
VanEck Energy Income ETF Stock Performance
The firm has a fifty day moving average of $118.41 and a 200-day moving average of $116.87. The stock has a market capitalization of $81.38 million, a price-to-earnings ratio of 19.11 and a beta of 0.61.
Hedge Funds Weigh In On VanEck Energy Income ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Copley Financial Group Inc. increased its holdings in shares of VanEck Energy Income ETF by 15.6% in the 2nd quarter. Copley Financial Group Inc. now owns 51,459 shares of the company’s stock valued at $6,134,000 after acquiring an additional 6,950 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in VanEck Energy Income ETF in the third quarter worth $1,129,000. Cornerstone Planning Group LLC bought a new stake in VanEck Energy Income ETF during the first quarter valued at $891,000. Ascent Advisors LLC bought a new stake in VanEck Energy Income ETF during the first quarter valued at $842,000. Finally, Tucker Asset Management LLC increased its stake in VanEck Energy Income ETF by 20.4% during the third quarter. Tucker Asset Management LLC now owns 4,888 shares of the company’s stock valued at $549,000 after purchasing an additional 827 shares during 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.
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