North Star Investment Management Corp. acquired a new position in shares of Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor acquired 301,563 shares of the company’s stock, valued at approximately $8,275,000.
Westwood Salient Enhanced Midstream Income ETF Stock Up 0.1%
NYSE MDST opened at $29.31 on Thursday. The firm has a 50-day moving average price of $28.94 and a two-hundred day moving average price of $28.76. Westwood Salient Enhanced Midstream Income ETF has a 12-month low of $24.93 and a 12-month high of $30.43. The company has a market capitalization of $301.01 million, a P/E ratio of 19.79 and a beta of 0.27.
Westwood Salient Enhanced Midstream Income ETF Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, November 3rd. Investors of record on Thursday, October 29th will be paid a $0.2250 dividend. This represents a $2.70 annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Thursday, October 29th.
Westwood Salient Enhanced Midstream Income ETF Profile
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.
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