Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) Trading 0% Higher – Time to Buy?

Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) shares traded up 0% during mid-day trading on Friday . The company traded as high as $29.40 and last traded at $29.13. 57,743 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 61,811 shares. The stock had previously closed at $29.12.

Westwood Salient Enhanced Midstream Income ETF Stock Performance

The firm has a market capitalization of $245.57 million, a P/E ratio of 19.79 and a beta of 0.24. The firm has a 50 day simple moving average of $28.94 and a two-hundred day simple moving average of $27.92.

Institutional Investors Weigh In On Westwood Salient Enhanced Midstream Income ETF

Several large investors have recently added to or reduced their stakes in MDST. North Star Investment Management Corp. boosted its position in shares of Westwood Salient Enhanced Midstream Income ETF by 136.5% during the 1st quarter. North Star Investment Management Corp. now owns 169,686 shares of the company’s stock valued at $4,853,000 after acquiring an additional 97,922 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Westwood Salient Enhanced Midstream Income ETF by 34.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 174,236 shares of the company’s stock worth $4,603,000 after buying an additional 44,896 shares during the last quarter. Parallel Advisors LLC bought a new stake in Westwood Salient Enhanced Midstream Income ETF in the 4th quarter worth approximately $148,000. Finally, Miller Global Investments LLC bought a new stake in Westwood Salient Enhanced Midstream Income ETF in the 4th quarter worth approximately $3,022,000.

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.