Westwood Salient Enhanced Midstream ETF (MDST)
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MDST Chart
MDST: A Good Midstream Fund If Oil Prices Start Declining
The Westwood Salient Enhanced Midstream Income ETF offers a 9.27% yield via a covered call strategy on midstream energy equities. MDST sacrifices capital gains upside for higher distributable income, outperforming peers in flat or declining midstream markets but lagging during strong rallies. Recent portfolio changes prioritize higher yield (Pembina Pipeline) over growth potential (Targa Resources), aligning with the fund's income focus.
This Midstream ETF Yields 9.4% While Sidestepping K-1 Tax Forms
Westwood Salient Enhanced Midstream Income ETF (NYSEARCA:MDST) has paid $0.225 per share every month for 26 straight months, with no cuts and no skipped payments.
The Zacks Analyst Blog XLEI,WEEI,MDST,AMZA and EIPI
XLEI leads a pack of high-yield energy ETFs as oil volatility and Middle East tensions keep income-focused funds in the spotlight.
Westwood Salient Enhanced Midstream ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| ST Steven Trigili Garden State Investment Advisory Services LLC | 99,000 | $2.83M | $2.96M | $123,750 | 4.37% |
 Joseph C. Gissy Tactive Advisors, LLC | 12,486 | $336,294.06 | $371,708.22 | $35,414.16 | 10.53% |
 Tandem Financial LLC Tandem Financial LLC | 25,593 | $737,719 | $766,510.35 | $28,791.35 | 3.9% |
Westwood Salient Enhanced Midstream ETF (MDST) FAQ
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Westwood Salient Enhanced Midstream ETF Profile
| NYSE Exchange | US Country |
Overview
The fund is an actively managed exchange-traded fund (ETF) focusing on investment opportunities within the Midstream sector of North American energy infrastructure. This encompasses both corporations and master limited partnerships (MLPs) located in North America, with a specific focus on the United States. The aim of the fund is to leverage the growth and income potential offered by the midstream sector, which plays a crucial role in the processing, storage, and transportation of energy commodities. By dedicating at least 80% of its net assets, along with any borrowed funds for investment purposes, to securities within this niche, the fund positions itself to potentially capitalize on the distinct economic characteristics and market dynamics of the midstream industry. The fund’s non-diversified status indicates a concentrated investment strategy in this sector, potentially providing investors with a focused exposure to its performance.
Products and Services
The fund offers a unique investment vehicle designed around the specifics of the midstream energy sector in North America. Below are the key components that define its product offering:
- Actively Managed ETF: Unlike passively managed funds that track a specific index, this ETF employs active management to seek out the best investment opportunities within the Midstream sector. Through rigorous analysis and the proactive selection of securities, the fund aims to achieve its investment objectives by adapting to changing market conditions.
- Focus on Midstream North American Corporations and U.S. MLPs: The fund specifically invests in the securities of corporations and master limited partnerships involved in the midstream part of the energy sector. This includes companies engaged in the gathering, processing, storage, and transportation of energy commodities such as oil, natural gas, and natural gas liquids. By concentrating on these types of entities, the fund seeks to benefit from the essential services they provide within the energy supply chain.
- Minimum Investment in Midstream Securities: Adhering to a strict policy, the fund ensures that at least 80% of its net assets, in addition to any borrowed amounts for investment purposes, are invested in midstream securities. This high level of commitment underscores the fund's focus and dedication to the midstream sector, aiming to provide investors with concentrated exposure to its potential for income and growth.
- Non-Diversified Status: By choosing to be non-diversified, the fund can concentrate its investments more heavily in fewer securities or companies. This approach allows for potentially higher returns from these concentrated positions but comes with a higher level of risk compared to diversified funds. Investors in this ETF benefit from a focused strategy that targets the specific dynamics and opportunities within the midstream energy sector.
