Van ECK Associates Corp Reduces Stake in VanEck Energy Income ETF (NYSEARCA:EINC)

Van ECK Associates Corp reduced its stake in shares of VanEck Energy Income ETF (NYSEARCA:EINC) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,530 shares of the company’s stock after selling 652 shares during the quarter. Van ECK Associates Corp owned about 20.10% of VanEck Energy Income ETF worth $10,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of VanEck Energy Income ETF by 54.6% in the 2nd quarter. CWM LLC now owns 600 shares of the company’s stock worth $48,000 after acquiring an additional 212 shares during the last quarter. Legacy Capital Group California Inc. purchased a new stake in VanEck Energy Income ETF in the 3rd quarter worth about $238,000. Finally, Atomi Financial Group Inc. bought a new stake in VanEck Energy Income ETF in the second quarter worth about $352,000.

VanEck Energy Income ETF Stock Performance

EINC opened at $92.89 on Thursday. VanEck Energy Income ETF has a one year low of $64.78 and a one year high of $96.61. The stock has a market cap of $57.10 million, a price-to-earnings ratio of 18.98 and a beta of 0.49. The stock’s 50 day moving average price is $86.51 and its 200-day moving average price is $81.53.

VanEck Energy Income ETF 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.