VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Trading Up 2.2% – Still a Buy?

Shares of VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) traded up 2.2% during trading on Friday . The company traded as high as $9.95 and last traded at $9.89. Approximately 1,025,114 shares were traded during trading, a decline of 22% from the average session volume of 1,306,346 shares. The stock had previously closed at $9.68.

VanEck Mortgage REIT Income ETF Stock Up 2.2%

The stock has a market capitalization of $384.72 million, a price-to-earnings ratio of 14.67 and a beta of 1.17. The company’s fifty day simple moving average is $9.96 and its 200 day simple moving average is $10.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in shares of VanEck Mortgage REIT Income ETF in the fourth quarter valued at about $33,000. Advisory Services Network LLC acquired a new stake in VanEck Mortgage REIT Income ETF in the 3rd quarter worth about $61,000. Phoenix Financial Ltd. bought a new stake in VanEck Mortgage REIT Income ETF in the 4th quarter valued at about $70,000. Triumph Capital Management bought a new stake in VanEck Mortgage REIT Income ETF in the 3rd quarter valued at about $107,000. Finally, Clear Creek Financial Management LLC acquired a new position in shares of VanEck Mortgage REIT Income ETF during the 4th quarter worth approximately $108,000.

VanEck Mortgage REIT Income ETF Company Profile

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.