VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Shares Down 0.8% – Here’s Why

Shares of VanEck Mortgage REIT Income ETF (NYSEARCA:MORT – Get Free Report) fell 0.8% during mid-day trading on Monday. The stock traded as low as $7.80 and last traded at $7.83. Approximately 1,991,339 shares were traded during mid-day 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 0.8%

The company has a market cap of $303.02 million, a price-to-earnings ratio of 14.67 and a beta of 1.20. The company’s 50-day moving average is $9.46 and its 200 day moving average is $9.89.

Institutional Trading of VanEck Mortgage REIT Income ETF

Several large investors have recently made changes to their positions in MORT. Bank of America Corp DE boosted its stake in VanEck Mortgage REIT Income ETF by 266.8% during the 1st 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 last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of VanEck Mortgage REIT Income ETF in the first quarter valued at about $659,000. Cetera Investment Advisers lifted its stake in shares of VanEck Mortgage REIT Income ETF by 14.0% in the first quarter. Cetera Investment Advisers now owns 285,155 shares of the company’s stock worth $2,926,000 after buying an additional 35,011 shares in the last quarter. One Wealth Map LLC lifted its stake in shares of VanEck Mortgage REIT Income ETF by 24.1% in the first quarter. One Wealth Map LLC now owns 121,850 shares of the company’s stock worth $1,295,000 after buying an additional 23,677 shares in the last quarter. Finally, Aurora Private Wealth Inc. acquired a new position in VanEck Mortgage REIT Income ETF during the first quarter worth about $211,000.

VanEck Mortgage REIT Income ETF Company Profile

(Get Free Report)

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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