VanEck Energy Income ETF (NYSEARCA:EINC) Shares Cross Below 200 Day Moving Average – Here’s What Happened

VanEck Energy Income ETF (NYSEARCA:EINC) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $116.87 and traded as low as $114.24. VanEck Energy Income ETF shares last traded at $114.62, with a volume of 9,802 shares traded.

VanEck Energy Income ETF Price Performance

The firm’s fifty day moving average price is $118.41 and its 200-day moving average price is $116.87. The company has a market capitalization of $81.38 million, a price-to-earnings ratio of 19.11 and a beta of 0.61.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC purchased a new stake in shares of VanEck Energy Income ETF during the third quarter valued at approximately $208,000. Tucker Asset Management LLC lifted its stake in VanEck Energy Income ETF by 20.4% in the third quarter. Tucker Asset Management LLC now owns 4,888 shares of the company’s stock worth $549,000 after purchasing an additional 827 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in VanEck Energy Income ETF by 4.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,185 shares of the company’s stock worth $358,000 after acquiring an additional 136 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of VanEck Energy Income ETF during the third quarter valued at approximately $1,129,000. Finally, Compass Financial Management LLC bought a new position in shares of VanEck Energy Income ETF in the 2nd quarter worth approximately $329,000.

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.