VanEck Energy Income ETF (NYSEARCA:EINC) Trading Down 0% – Time to Sell?

Shares of VanEck Energy Income ETF (NYSEARCA:EINC) traded down 0% during mid-day trading on Thursday . The company traded as low as $113.15 and last traded at $113.64. 5,138 shares were traded during trading, a decline of 45% from the average session volume of 9,330 shares. The stock had previously closed at $113.66.

VanEck Energy Income ETF Stock Performance

The firm has a market cap of $137.50 million, a price-to-earnings ratio of 19.11 and a beta of 0.64. The business has a 50 day simple moving average of $114.51 and a 200-day simple moving average of $102.87.

Hedge Funds Weigh In On VanEck Energy Income ETF

A number of hedge funds have recently added to or reduced their stakes in EINC. Royal Bank of Canada acquired a new position in VanEck Energy Income ETF during the 1st quarter valued at about $328,000. Cetera Investment Advisers boosted its stake in VanEck Energy Income ETF by 16.0% during the 2nd quarter. Cetera Investment Advisers now owns 2,492 shares of the company’s stock valued at $246,000 after purchasing an additional 344 shares during the last quarter. Castleview Partners LLC boosted its stake in VanEck Energy Income ETF by 26.3% during the 3rd quarter. Castleview Partners LLC now owns 9,329 shares of the company’s stock valued at $925,000 after purchasing an additional 1,944 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in VanEck Energy Income ETF by 6.8% during the 3rd quarter. Wealthfront Advisers LLC now owns 17,822 shares of the company’s stock valued at $1,767,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in VanEck Energy Income ETF by 21.6% during the 3rd 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.

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.