VanEck Energy Income ETF (NYSEARCA:EINC – Get Free Report) shares crossed 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 Stock Performance
The company has a 50 day moving average of $118.00 and a 200-day moving average of $117.00. The stock has a market cap of $78.49 million, a price-to-earnings ratio of 19.11 and a beta of 0.61.
Institutional Investors Weigh In On VanEck Energy Income ETF
A number of hedge funds have recently added to or reduced their stakes in EINC. Copley Financial Group Inc. raised its stake in shares of VanEck Energy Income ETF by 15.6% in the second quarter. Copley Financial Group Inc. now owns 51,459 shares of the company’s stock valued at $6,134,000 after acquiring an additional 6,950 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of VanEck Energy Income ETF during the third quarter worth approximately $1,129,000. Cornerstone Planning Group LLC acquired a new position in VanEck Energy Income ETF during the 1st quarter worth approximately $891,000. Ascent Advisors LLC purchased a new stake in shares of VanEck Energy Income ETF in the 1st quarter valued at approximately $842,000. Finally, Tucker Asset Management LLC increased its position in shares of VanEck Energy Income ETF by 20.4% in the 3rd quarter. Tucker Asset Management LLC now owns 4,888 shares of the company’s stock valued at $549,000 after purchasing an additional 827 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.
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