VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Stock Price Down 0.8% – Time to Sell?

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)’s share price dropped 0.8% on Monday . The company traded as low as $9.99 and last traded at $10.00. 872,178 shares changed hands during trading, a decline of 34% from the average daily volume of 1,317,920 shares. The stock had previously closed at $10.08.

VanEck Mortgage REIT Income ETF Price Performance

The company has a market capitalization of $385 million, a PE ratio of 14.67 and a beta of 1.17. The business has a 50-day moving average of $10.23 and a 200 day moving average of $10.51.

Institutional Trading of VanEck Mortgage REIT Income ETF

Several hedge funds have recently modified their holdings of MORT. Bank of America Corp DE grew its holdings in shares of VanEck Mortgage REIT Income ETF by 266.8% in the first quarter. Bank of America Corp DE now owns 2,355,913 shares of the company’s stock valued at $24,172,000 after purchasing an additional 1,713,570 shares in the last quarter. HighTower Advisors LLC purchased a new stake in VanEck Mortgage REIT Income ETF during the fourth quarter valued at $13,388,000. LPL Financial LLC lifted its position in VanEck Mortgage REIT Income ETF by 9.4% during the fourth quarter. LPL Financial LLC now owns 1,212,310 shares of the company’s stock valued at $12,741,000 after purchasing an additional 104,508 shares during the last quarter. Gradient Investments LLC lifted its position in VanEck Mortgage REIT Income ETF by 1.8% during the fourth quarter. Gradient Investments LLC now owns 706,782 shares of the company’s stock valued at $7,428,000 after purchasing an additional 12,790 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in VanEck Mortgage REIT Income ETF by 14.0% during the first 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 last quarter.

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.