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

Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) declared a monthly dividend on Monday, September 28th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.2250 per share on Monday, October 5th. This represents a $2.70 annualized dividend and a yield of 9.6%. The ex-dividend date is Tuesday, September 29th.

Westwood Salient Enhanced Midstream Income ETF Stock Up 0.2%

MDST stock opened at $28.18 on Tuesday. Westwood Salient Enhanced Midstream Income ETF has a twelve month low of $24.93 and a twelve month high of $30.43. The company has a market cap of $288.85 million, a P/E ratio of 19.79 and a beta of 0.23. The business’s fifty day moving average is $29.36 and its 200-day moving average is $29.13.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Westwood Salient Enhanced Midstream Income ETF stock. North Star Investment Management Corp. raised its position in Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST) by 136.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,686 shares of the company’s stock after purchasing an additional 97,922 shares during the period. North Star Investment Management Corp. owned approximately 2.08% of Westwood Salient Enhanced Midstream Income ETF worth $4,853,000 as of its most recent filing with the SEC.

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.