VanEck Energy Income ETF (NYSEARCA:EINC) Stock Price Up 0.1% – Here’s What Happened

VanEck Energy Income ETF (NYSEARCA:EINC)’s stock price was up 0.1% during mid-day trading on Monday . The company traded as high as $98.08 and last traded at $97.81. Approximately 2,157 shares traded hands during trading, a decline of 58% from the average daily volume of 5,080 shares. The stock had previously closed at $97.68.

VanEck Energy Income ETF Price Performance

The business has a fifty day moving average of $95.53 and a 200-day moving average of $96.21. The stock has a market capitalization of $74.10 million, a price-to-earnings ratio of 19.11 and a beta of 0.78.

Institutional Trading of VanEck Energy Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in shares of VanEck Energy Income ETF by 118.4% during the 1st quarter. LPL Financial LLC now owns 103,356 shares of the company’s stock worth $10,333,000 after acquiring an additional 56,027 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of VanEck Energy Income ETF by 21.6% during the third quarter. Van ECK Associates Corp now owns 196,622 shares of the company’s stock valued at $19,497,000 after purchasing an additional 34,958 shares during the last quarter. IronOak Wealth LLC. acquired a new position in shares of VanEck Energy Income ETF in the 2nd quarter valued at $1,130,000. Two Sigma Investments LP acquired a new position in shares of VanEck Energy Income ETF in the 3rd quarter valued at $694,000. Finally, Citadel Advisors LLC purchased a new position in VanEck Energy Income ETF in the 3rd quarter worth about $463,000.

VanEck Energy Income ETF Company Profile

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.