Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Shares Up 0.4% – Should You Buy?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) traded up 0.4% during trading on Monday . The company traded as high as $30.22 and last traded at $29.91. Approximately 56,051 shares changed hands during trading, a decline of 8% from the average session volume of 60,830 shares. The stock had previously closed at $29.78.

Westwood Salient Enhanced Midstream Income ETF Stock Performance

The stock has a 50 day moving average of $29.30 and a two-hundred day moving average of $28.49. The firm has a market capitalization of $287.90 million, a P/E ratio of 19.79 and a beta of 0.23.

Institutional Trading of Westwood Salient Enhanced Midstream Income ETF

Several large investors have recently modified their holdings of the company. North Star Investment Management Corp. raised its holdings in Westwood Salient Enhanced Midstream Income ETF by 136.5% in the 1st quarter. North Star Investment Management Corp. now owns 169,686 shares of the company’s stock worth $4,853,000 after acquiring an additional 97,922 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Westwood Salient Enhanced Midstream Income ETF by 34.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock valued at $4,603,000 after acquiring an additional 44,896 shares during the period. Finally, Parallel Advisors LLC acquired a new stake in shares of Westwood Salient Enhanced Midstream Income ETF in the fourth quarter valued at about $148,000.

About Westwood Salient Enhanced Midstream Income ETF

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.