Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) Shares to Pay Monthly Dividend of $0.23

Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) declared a monthly dividend on Wednesday, October 28th. Stockholders of record on Thursday, October 29th will be given a dividend of $0.2250 per share on Tuesday, November 3rd. This represents a $2.70 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Thursday, October 29th.

Westwood Salient Enhanced Midstream Income ETF Price Performance

Shares of NYSE:MDST opened at $29.31 on Thursday. The business’s 50 day moving average price is $28.94 and its 200-day moving average price is $28.76. The firm has a market capitalization of $301.01 million, a PE ratio of 19.79 and a beta of 0.27. Westwood Salient Enhanced Midstream Income ETF has a 1 year low of $24.93 and a 1 year high of $30.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Westwood Salient Enhanced Midstream Income ETF stock. North Star Investment Management Corp. acquired a new stake in Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 301,563 shares of the company’s stock, valued at approximately $8,275,000. North Star Investment Management Corp. owned approximately 2.94% of Westwood Salient Enhanced Midstream Income ETF as of its most recent filing with the Securities and Exchange Commission.

About Westwood Salient Enhanced Midstream Income ETF

The Westwood Salient Enhanced Midstream Income ETF (MDST) is an exchange-traded fund that mostly invests in energy equity. The fund is an actively managed fund that invests in midstream North American companies and US master limited partnerships (MLPs). In addition, the fund enhances income through covered call options. MDST was launched on Apr 9, 2024 and is issued by Westwood.