VanEck Energy Income ETF (NYSEARCA:EINC) Shares Down 0.7% – Should You Sell?

VanEck Energy Income ETF (NYSEARCA:EINC)’s share price fell 0.7% during mid-day trading on Thursday . The stock traded as low as $115.40 and last traded at $115.84. 15,508 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 7,240 shares. The stock had previously closed at $116.60.

VanEck Energy Income ETF Price Performance

The firm’s 50 day moving average is $104.18 and its 200 day moving average is $98.92. The company has a market capitalization of $97.33 million, a PE ratio of 19.11 and a beta of 0.78.

VanEck Energy Income ETF Cuts Dividend

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

Hedge Funds Weigh In On VanEck Energy Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of EINC. Van ECK Associates Corp grew its stake in shares of VanEck Energy Income ETF by 32.4% in the fourth quarter. Van ECK Associates Corp now owns 260,268 shares of the company’s stock worth $25,051,000 after purchasing an additional 63,646 shares during the last quarter. LPL Financial LLC raised its position in VanEck Energy Income ETF by 9.7% during the 4th quarter. LPL Financial LLC now owns 65,130 shares of the company’s stock valued at $6,269,000 after purchasing an additional 5,758 shares during the last quarter. OLD Mission Capital LLC raised its position in VanEck Energy Income ETF by 36.9% during the 4th quarter. OLD Mission Capital LLC now owns 20,091 shares of the company’s stock valued at $1,934,000 after purchasing an additional 5,410 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings 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 buying an additional 1,141 shares during the period. Finally, Castleview Partners LLC grew its position in shares of VanEck Energy Income ETF by 26.3% in the 3rd quarter. Castleview Partners LLC now owns 9,329 shares of the company’s stock worth $925,000 after buying an additional 1,944 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.