VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Trading 0.8% Higher – What’s Next?

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)’s share price shot up 0.8% during trading on Monday . The stock traded as high as $11.00 and last traded at $10.97. 1,549,594 shares traded hands during mid-day trading, an increase of 175% from the average session volume of 564,447 shares. The stock had previously closed at $10.88.

VanEck Mortgage REIT Income ETF Price Performance

The firm has a 50-day moving average of $10.58 and a 200-day moving average of $10.64. The stock has a market cap of $352.69 million, a PE ratio of 14.67 and a beta of 1.30.

Hedge Funds Weigh In On VanEck Mortgage REIT Income ETF

Several hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in VanEck Mortgage REIT Income ETF during the second quarter valued at $26,000. Simplex Trading LLC boosted its stake in VanEck Mortgage REIT Income ETF by 199.0% during the first quarter. Simplex Trading LLC now owns 3,080 shares of the company’s stock valued at $34,000 after buying an additional 2,050 shares during the last quarter. Advisory Services Network LLC purchased a new position in VanEck Mortgage REIT Income ETF during the 3rd quarter valued at approximately $61,000. Mattson Financial Services LLC grew its holdings in VanEck Mortgage REIT Income ETF by 17.1% during the 1st quarter. Mattson Financial Services LLC now owns 6,873 shares of the company’s stock valued at $77,000 after buying an additional 1,004 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in VanEck Mortgage REIT Income ETF in the 3rd quarter worth approximately $107,000.

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.