VanEck Energy Income ETF (NYSEARCA:EINC) Trading 1.6% Higher – Should You Buy?

VanEck Energy Income ETF (NYSEARCA:EINC) shares rose 1.6% on Tuesday . The stock traded as high as $122.94 and last traded at $122.66. 2,843 shares were traded during trading, a decline of 77% from the average daily volume of 12,251 shares. The stock had previously closed at $120.74.

VanEck Energy Income ETF Stock Performance

The stock has a market capitalization of $84.64 million, a PE ratio of 19.11 and a beta of 0.58. The stock’s 50 day moving average is $120.20 and its two-hundred day moving average is $117.18.

Hedge Funds Weigh In On VanEck Energy Income ETF

A number of hedge funds have recently made changes to their positions in EINC. Tucker Asset Management LLC acquired a new stake in VanEck Energy Income ETF during the 4th quarter worth $65,000. Cetera Investment Advisers acquired a new position in VanEck Energy Income ETF during the first quarter worth about $229,000. Rockefeller Capital Management L.P. grew its stake in VanEck Energy Income ETF by 13.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,970 shares of the company’s stock valued at $190,000 after acquiring an additional 234 shares in the last quarter. Arax Advisory Partners purchased a new stake in VanEck Energy Income ETF during the 4th quarter valued at about $244,000. Finally, Apollon Wealth Management LLC grew its stake in VanEck Energy Income ETF by 10.1% during the 1st quarter. Apollon Wealth Management LLC now owns 2,547 shares of the company’s stock valued at $300,000 after acquiring an additional 233 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.