VanEck Mortgage REIT Income ETF $MORT Shares Sold by Drive Wealth Management LLC

Drive Wealth Management LLC lowered its holdings in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) by 63.0% in the third quarter, Holdings Channel.com reports. The fund owned 127,503 shares of the company’s stock after selling 216,922 shares during the quarter. Drive Wealth Management LLC’s holdings in VanEck Mortgage REIT Income ETF were worth $1,373,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MORT. Thrivent Financial for Lutherans grew its holdings in shares of VanEck Mortgage REIT Income ETF by 3.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 30,530 shares of the company’s stock worth $322,000 after acquiring an additional 1,074 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of VanEck Mortgage REIT Income ETF in the second quarter valued at approximately $26,000. Envestnet Asset Management Inc. raised its position in shares of VanEck Mortgage REIT Income ETF by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 71,710 shares of the company’s stock worth $757,000 after purchasing an additional 3,577 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in VanEck Mortgage REIT Income ETF by 8.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,755 shares of the company’s stock worth $529,000 after buying an additional 3,885 shares in the last quarter. Finally, Fifth Third Securities Inc. boosted its stake in shares of VanEck Mortgage REIT Income ETF by 10.0% during the third quarter. Fifth Third Securities Inc. now owns 52,215 shares of the company’s stock valued at $562,000 after acquiring an additional 4,742 shares during the last quarter.

VanEck Mortgage REIT Income ETF Trading Down 0.2%

NYSEARCA:MORT opened at $11.19 on Friday. VanEck Mortgage REIT Income ETF has a 12-month low of $8.81 and a 12-month high of $11.79. The firm has a market cap of $389.41 million, a price-to-earnings ratio of 14.67 and a beta of 1.30. The company’s 50-day moving average is $10.80 and its two-hundred day moving average is $10.71.

About VanEck Mortgage REIT Income ETF

The VanEck Mortgage REIT Income ETF (MORT) is an exchange-traded fund that is based on the MVIS US Mortgage REITs index, a market-cap-weighted index of mortgage REITs. MORT was launched on Aug 16, 2011 and is managed by VanEck.