Westwood Salient Enhanced Midstream Income ETF to Issue Monthly Dividend of $0.23 (NYSEARCA:MDST)

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) declared a monthly dividend on Wednesday, January 28th. Stockholders of record on Thursday, January 29th will be given a dividend of 0.225 per share on Tuesday, February 3rd. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Thursday, January 29th.

Westwood Salient Enhanced Midstream Income ETF Stock Performance

Shares of NYSEARCA MDST traded down $0.12 during trading hours on Thursday, reaching $27.37. 12,882 shares of the stock were exchanged, compared to its average volume of 58,365. The firm has a market capitalization of $188.88 million, a price-to-earnings ratio of 19.79 and a beta of 0.52. The stock’s fifty day simple moving average is $26.34 and its 200 day simple moving average is $26.38. Westwood Salient Enhanced Midstream Income ETF has a 52 week low of $23.24 and a 52 week high of $28.56.

Institutional Investors Weigh In On Westwood Salient Enhanced Midstream Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Miller Global Investments LLC acquired a new position in shares of Westwood Salient Enhanced Midstream Income ETF in the fourth quarter valued at about $3,022,000. North Star Investment Management Corp. boosted its holdings in Westwood Salient Enhanced Midstream Income ETF by 2,026.5% in the 3rd quarter. North Star Investment Management Corp. now owns 25,518 shares of the company’s stock valued at $682,000 after purchasing an additional 24,318 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Westwood Salient Enhanced Midstream Income ETF by 26.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 93,900 shares of the company’s stock worth $2,544,000 after purchasing an additional 19,893 shares in the last quarter.

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.