Westwood Salient MLP & Energy Infrastructure;A (SMAPX)
Westwood Salient MLP & Energy Infrastructure;A operates in the Asset Management industry of the Financial Services sector, headquartered in Houston, TX, US. The stock last traded at $12.01, down 1.31% on the session, giving a market capitalisation of $1.34B. Its beta of 0.35 implies it has historically moved less than the broad market.
The fund's core objective is to achieve the highest possible total return, encompassing both an increase in capital value and consistent income. It endeavors to meet this goal by dedicating at least 80% of its net assets (inclusive of any borrowed funds for investment) to securities of Master Limited Partnerships (MLPs) and companies operating in the energy infrastructure sector. Specifically, the fund acquires equity instruments such as common, preferred, and subordinated units, general partner interests, and both common and preferred shares from these MLPs and energy infrastructure firms. This particular fund is classified as non-diversified.
Westwood Salient MLP & Energy Infrastructure;A is most often compared with the following Financial Services names: