VanEck Energy Income ETF (NYSEARCA:EINC) Stock Price Up 1.6% – Should You Buy?

VanEck Energy Income ETF (NYSEARCA:EINCGet Free Report) traded up 1.6% during mid-day trading on Tuesday . The stock traded as high as $122.94 and last traded at $122.66. 2,843 shares changed hands 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 Down 0.0%

The stock has a market capitalization of $83.34 million, a P/E ratio of 19.11 and a beta of 0.58. The firm’s 50 day simple moving average is $120.21 and its two-hundred day simple moving average is $117.30.

Institutional Trading of VanEck Energy Income ETF

Large investors have recently made changes to their positions in the company. Ascent Advisors LLC acquired a new position in VanEck Energy Income ETF during the 1st quarter worth approximately $842,000. Cornerstone Planning Group LLC acquired a new position in shares of VanEck Energy Income ETF during the first quarter worth approximately $891,000. Copley Financial Group Inc. bought a new position in shares of VanEck Energy Income ETF in the 1st quarter worth $5,244,000. Van ECK Associates Corp lifted its holdings in shares of VanEck Energy Income ETF by 32.4% in the 4th quarter. Van ECK Associates Corp now owns 260,268 shares of the company’s stock worth $25,051,000 after purchasing an additional 63,646 shares in the last quarter. Finally, OLD Mission Capital LLC grew its position in VanEck Energy Income ETF by 36.9% in the 4th quarter. OLD Mission Capital LLC now owns 20,091 shares of the company’s stock valued at $1,934,000 after purchasing an additional 5,410 shares during the period.

About VanEck Energy Income ETF

(Get Free Report)

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.

Further Reading

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