MDST - ETF AI Analysis

Top Page

Westwood Salient Enhanced Midstream Income ETF (MDST)

Rating:71Outperform

Price Target:―

MDST, the Westwood Salient Enhanced Midstream Income ETF, earns a solid overall rating largely because it holds strong midstream energy names like Oneok and DTM, which show healthy financial performance, positive earnings calls, and supportive technical trends, along with attractive dividends. These strengths are partly offset by holdings such as Pembina Pipeline and Enbridge, where higher leverage, revenue or cash flow challenges, and some valuation or technical concerns introduce risk. The main risk factor is the fund’s concentration in midstream energy companies, which ties its fortunes closely to the energy sector’s cycles and regulatory environment.

Positive Factors

Solid Core Midstream Holdings

Most of the largest pipeline and midstream positions have shown steady to strong gains this year, helping support the ETF’s overall results.

Focused North American Exposure

The fund is concentrated in U.S. and Canadian companies, giving targeted exposure to the North American energy infrastructure market.

Income-Oriented Energy Strategy

With heavy exposure to established midstream and pipeline operators, the ETF is positioned to generate income from a relatively stable part of the energy sector.

Negative Factors

High Sector Concentration

With almost all assets in the energy sector, the fund is heavily exposed to swings in energy prices and regulatory changes affecting that industry.

Elevated Expense Ratio

The ETF charges a relatively high fee, which can eat into returns over time compared with lower-cost alternatives.

Mixed Performance Among Top Holdings

A few of the largest positions have shown weak or slightly negative performance this year, which can drag on the fund’s overall progress.

MDST vs. SPDR S&P 500 ETF (SPY)

AUM200.18M

RegionNorth America

Expense Ratio0.80%

Beta0.43

IssuerWestwood

Inception DateApr 09, 2024

Dividend Yield9.52%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume69,486

30 Day Avg. Volume51,171

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

28.79

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering22

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

MDST Summary

The Westwood Salient Enhanced Midstream Income ETF (MDST) focuses on energy “midstream” companies that move, store, and process oil and gas, mainly in the U.S. and Canada. It does not track a set index, but instead selects a mix of midstream energy partnerships and corporations. Well-known holdings include Energy Transfer and Enbridge. Investors might consider MDST if they want potential income from dividends plus some growth tied to energy infrastructure, while spreading risk across many companies. A key risk is that it is heavily concentrated in the energy sector, so its price can swing with energy prices and industry conditions.

How much will it cost me?The expense ratio for the MDST ETF is 0.8%, which means you’ll pay $8 per year for every $1,000 invested. This is higher than average because the fund is actively managed, focusing on a specialized niche in the energy sector to enhance returns and manage risk.

What would affect this ETF?The MDST ETF, focused on midstream energy infrastructure in North America, could benefit from rising energy demand and favorable tax structures associated with MLPs, which support steady income and growth. However, it may face challenges from fluctuating oil and gas prices, regulatory changes in the energy sector, or economic slowdowns that impact infrastructure investments. Its reliance on top holdings like Enbridge and Energy Transfer further ties its performance to the stability and profitability of these companies.

MDST Top 10 Holdings

MDST is essentially a midstream energy convoy, with names like Energy Transfer, Enterprise Products Partners, and Kinder Morgan helping pull the fund forward as their shares have been rising recently and their dividends stay appealing. MPLX and Targa Resources add extra horsepower with stronger momentum, while Enbridge and TC Energy are more like steady but slightly sluggish trucks, lagging a bit this year. The portfolio is heavily concentrated in North American energy infrastructure, so performance is tied closely to the fortunes of pipelines and midstream operators rather than the broader stock market.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
ENB	Enbridge	9.34%	$18.88M	$117.44B	25.10%	69 Neutral
ET	Energy Transfer	8.81%	$17.82M	$64.38B	-6.20%	70 Outperform
WMB	Williams Co	8.63%	$17.44M	$88.27B	26.85%	76 Outperform
EPD	Enterprise Products Partners	7.62%	$15.41M	$80.50B	11.27%	73 Outperform
KMI	Kinder Morgan	6.54%	$13.23M	$71.90B	21.73%	68 Neutral
DTM	DT Midstream	6.12%	$12.37M	$13.54B	33.00%	78 Outperform
TRP	TC Energy	5.82%	$11.77M	C$90.03B	38.37%	70 Outperform
TRGP	Targa Resources	5.81%	$11.74M	$48.06B	9.02%	74 Outperform
OKE	Oneok	5.35%	$10.81M	$54.18B	-12.00%	82 Outperform
PBA	Pembina Pipeline	5.06%	$10.24M	$25.79B	22.54%	70 Outperform

MDST Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

26.46

Positive

100DMA

25.87

Positive

200DMA

25.51

Positive

Market Momentum

MACD

0.54

Negative

RSI

82.18

Negative

STOCH

88.04

Negative

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For MDST, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 27.33, equal to the 50-day MA of 26.46, and equal to the 200-day MA of 25.51, indicating a bullish trend. The MACD of 0.54 indicates Negative momentum. The RSI at 82.18 is Negative, neither overbought nor oversold. The STOCH value of 88.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MDST.

MDST Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
MDST	―	―	$200.18M	0.80%	―
EMLP	―	―	$3.77B	0.96%	―
UMI	―	―	$454.23M	0.69%	―
MLPI	―	―	$215.54M	0.68%	―
PIPE	―	―	$56.23M	0.75%	―
WEEI	―	―	$45.28M	0.85%	―

Performance Comparison

MDST

Westwood Salient Enhanced Midstream Income ETF

28.37

3.16

12.53%

EMLP

First Trust North American Energy Infrastructure Fund

―

UMI

USCF Midstream Energy Income Fund ETF

―

MLPI

NEOS MLP & Energy Infrastructure High Income ETF

―

PIPE

Invesco SteelPath MLP & Energy Infrastructure ETF

―

WEEI

Westwood Salient Enhanced Energy Income ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

Table of Contents