Salient Midstream & MLP Fund (SMM)
Salient Midstream & MLP Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Houston, TX, US. The stock last traded at $8.95, up 0.56% on the session, giving a market capitalisation of $158.6M. On trailing twelve-month figures it carries a trailing P/E of 4.18, a net margin of 97.1%. Its beta of 0.00 implies it has historically moved less than the broad market.
The Salient Midstream & MLP Fund is a closed-end equity mutual fund, established and managed by Salient Capital Advisors, LLC. It strategically invests in publicly traded companies across the United States equity markets. The fund concentrates its holdings within the energy sector, targeting businesses involved in the comprehensive activities of transporting, storing, gathering, processing, distributing, marketing, and/or delivering natural gas, natural gas liquids, crude oil, refined products, or coal. A core component of its strategy is allocating capital to midstream companies and master limited partnerships. Its portfolio features a diverse range of market capitalizations, from large-cap to mid-cap and small-cap enterprises. The fund's performance is measured relative to the Alerian MLP Index. Formed on May 24, 2012, this fund is based in the United States.
Salient Midstream & MLP Fund is most often compared with the following Financial Services names: