VanEck Energy Income ETF (NYSEARCA:EINC) Stock Price Up 1.4% – Still a Buy?

VanEck Energy Income ETF (NYSEARCA:EINC)’s share price shot up 1.4% during mid-day trading on Tuesday . The stock traded as high as $119.82 and last traded at $119.82. Approximately 2,184 shares traded 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 Trading Up 1.5%

The company has a market cap of $145.91 million, a P/E ratio of 19.11 and a beta of 0.58. The business’s 50 day simple moving average is $118.48 and its 200 day simple moving average is $110.71.

Institutional Trading of VanEck Energy Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Tucker Asset Management LLC purchased a new position in shares of VanEck Energy Income ETF during the 4th quarter valued at $65,000. Rockefeller Capital Management L.P. increased its stake in VanEck Energy Income ETF by 13.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock worth $190,000 after buying an additional 234 shares in the last quarter. Cetera Investment Advisers bought a new stake in VanEck Energy Income ETF during the first quarter valued at about $229,000. Arax Advisory Partners bought a new stake in VanEck Energy Income ETF during the fourth quarter valued at about $244,000. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in VanEck Energy Income ETF during the third quarter valued at about $264,000.

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.