Van ECK Associates Corp Boosts Stock Holdings in VanEck Energy Income ETF $EINC

Van ECK Associates Corp lifted its stake in VanEck Energy Income ETF (NYSEARCA:EINC) by 21.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 196,622 shares of the company’s stock after buying an additional 34,958 shares during the period. Van ECK Associates Corp owned approximately 0.26% of VanEck Energy Income ETF worth $19,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada purchased a new stake in VanEck Energy Income ETF during the 1st quarter valued at about $328,000. Castleview Partners LLC grew its position in VanEck Energy Income ETF by 26.3% during the 3rd quarter. Castleview Partners LLC now owns 9,329 shares of the company’s stock worth $925,000 after acquiring an additional 1,944 shares during the last quarter. Wealthfront Advisers LLC increased its stake in VanEck Energy Income ETF by 6.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 17,822 shares of the company’s stock worth $1,767,000 after purchasing an additional 1,141 shares during the period. Finally, Cetera Investment Advisers increased its stake in VanEck Energy Income ETF by 16.0% in the 2nd quarter. Cetera Investment Advisers now owns 2,492 shares of the company’s stock worth $246,000 after purchasing an additional 344 shares during the period.

VanEck Energy Income ETF Trading Down 0.1%

EINC stock traded down $0.11 during midday trading on Friday, hitting $115.53. The company had a trading volume of 1,479 shares, compared to its average volume of 7,952. The stock has a market cap of $97.05 million, a price-to-earnings ratio of 19.11 and a beta of 0.78. VanEck Energy Income ETF has a 52 week low of $80.41 and a 52 week high of $117.60. The stock’s 50 day moving average price is $105.70 and its 200 day moving average price is $99.46.

VanEck Energy Income ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.5418 dividend. This represents a $2.17 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, February 2nd.

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.