Summit X LLC Takes $220,000 Position in VanEck Energy Income ETF (NYSEARCA:EINC)

Summit X LLC acquired a new stake in shares of VanEck Energy Income ETF (NYSEARCA:EINC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,336 shares of the company’s stock, valued at approximately $220,000. Summit X LLC owned 0.38% of VanEck Energy Income ETF at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of VanEck Energy Income ETF during the 4th quarter valued at $334,000. Fulcrum Equity Management bought a new stake in shares of VanEck Energy Income ETF during the 3rd quarter valued at $1,217,000. Finally, Van ECK Associates Corp grew its position in shares of VanEck Energy Income ETF by 3.6% during the 4th quarter. Van ECK Associates Corp now owns 127,987 shares of the company’s stock valued at $12,036,000 after acquiring an additional 4,457 shares during the period.

VanEck Energy Income ETF Price Performance

Shares of EINC stock opened at $95.68 on Thursday. VanEck Energy Income ETF has a 1 year low of $72.27 and a 1 year high of $104.70. The firm has a fifty day moving average price of $97.88 and a 200-day moving average price of $93.02. The company has a market cap of $80.34 million, a price-to-earnings ratio of 18.58 and a beta of 1.28.

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.