VanEck Energy Income ETF (NYSEARCA:EINC) Stock Price Down 0.6% – Time to Sell?

VanEck Energy Income ETF (NYSEARCA:EINC) dropped 0.6% during mid-day trading on Monday . The company traded as low as $96.21 and last traded at $96.21. Approximately 2,247 shares changed hands during trading, a decline of 55% from the average daily volume of 5,042 shares. The stock had previously closed at $96.76.

VanEck Energy Income ETF Stock Down 0.4%

The firm has a market cap of $73.15 million, a PE ratio of 19.11 and a beta of 0.78. The firm has a 50-day moving average price of $95.53 and a two-hundred day moving average price of $96.23.

VanEck Energy Income ETF Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 29th will be issued a dividend of $0.9843 per share. The ex-dividend date is Monday, December 29th.

Institutional Trading of VanEck Energy Income ETF

A number of large investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its position in VanEck Energy Income ETF by 21.6% in the 3rd quarter. Van ECK Associates Corp now owns 196,622 shares of the company’s stock valued at $19,497,000 after buying an additional 34,958 shares during the last quarter. IronOak Wealth LLC. purchased a new stake in shares of VanEck Energy Income ETF in the second quarter valued at approximately $1,130,000. Two Sigma Investments LP acquired a new position in VanEck Energy Income ETF during the third quarter worth $694,000. Citadel Advisors LLC purchased a new position in VanEck Energy Income ETF in the third quarter worth $463,000. Finally, Raymond James Financial Inc. lifted its holdings in 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 acquiring an additional 4,301 shares during the period.

VanEck Energy Income ETF Company Profile

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.