VanEck Mortgage REIT Income ETF (NYSEARCA:MORT – Get Free Report) fell 0.8% during trading on Monday. The stock traded as low as $7.80 and last traded at $7.83. Approximately 1,991,339 shares changed hands during trading, an increase of 51% from the average session volume of 1,316,896 shares. The stock had previously closed at $7.89.
VanEck Mortgage REIT Income ETF Stock Down 2.2%
The stock has a market capitalization of $307.80 million, a P/E ratio of 14.67 and a beta of 1.20. The firm’s 50 day simple moving average is $9.42 and its two-hundred day simple moving average is $9.87.
Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF
A number of hedge funds have recently added to or reduced their stakes in MORT. Bank of America Corp DE raised its position in shares of VanEck Mortgage REIT Income ETF by 266.8% during the first quarter. Bank of America Corp DE now owns 2,355,913 shares of the company’s stock worth $24,172,000 after purchasing an additional 1,713,570 shares during the period. Cetera Investment Advisers grew its position in VanEck Mortgage REIT Income ETF by 14.0% in the 1st quarter. Cetera Investment Advisers now owns 285,155 shares of the company’s stock valued at $2,926,000 after purchasing an additional 35,011 shares during the period. Envestnet Asset Management Inc. grew its position in VanEck Mortgage REIT Income ETF by 10.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 202,898 shares of the company’s stock valued at $2,102,000 after purchasing an additional 19,681 shares during the period. One Wealth Map LLC increased its stake in VanEck Mortgage REIT Income ETF by 24.1% during the 1st quarter. One Wealth Map LLC now owns 121,850 shares of the company’s stock valued at $1,295,000 after purchasing an additional 23,677 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in VanEck Mortgage REIT Income ETF during the 1st quarter valued at $659,000.
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.
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