VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report)’s share price traded up 1.4% on Tuesday . The company traded as high as $119.82 and last traded at $119.82. Approximately 2,184 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 10,420 shares. The stock had previously closed at $118.20.
VanEck Energy Income ETF Stock Performance
The stock’s fifty day moving average price is $118.40 and its 200-day moving average price is $110.57. The company has a market capitalization of $144.98 million, a P/E ratio of 19.11 and a beta of 0.58.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its position in VanEck Energy Income ETF by 32.4% during the 4th quarter. Van ECK Associates Corp now owns 260,268 shares of the company’s stock worth $25,051,000 after buying an additional 63,646 shares during the period. LPL Financial LLC raised its stake 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 worth $6,269,000 after buying an additional 5,758 shares during the period. Copley Financial Group Inc. acquired a new position in VanEck Energy Income ETF during the first quarter worth $5,244,000. OLD Mission Capital LLC raised its holdings in shares of VanEck Energy Income ETF by 36.9% in the 4th quarter. OLD Mission Capital LLC now owns 20,091 shares of the company’s stock worth $1,934,000 after acquiring an additional 5,410 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of 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 purchasing an additional 4,301 shares in 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.
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