Hillsdale Investment Management Inc. Makes New Investment in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)

Hillsdale Investment Management Inc. bought a new stake in shares of VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,530 shares of the company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its holdings in VanEck Mortgage REIT Income ETF by 26.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,320 shares of the company’s stock worth $156,000 after buying an additional 2,759 shares in the last quarter. PFG Investments LLC acquired a new stake in VanEck Mortgage REIT Income ETF during the 1st quarter valued at $249,000. Drive Wealth Management LLC acquired a new position in VanEck Mortgage REIT Income ETF during the first quarter valued at $1,503,000. Wealthcare Advisory Partners LLC lifted its position in shares of VanEck Mortgage REIT Income ETF by 24.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 12,878 shares of the company’s stock worth $151,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in VanEck Mortgage REIT Income ETF in the 1st quarter worth approximately $53,000.

VanEck Mortgage REIT Income ETF Stock Performance

Shares of NYSEARCA MORT traded up $0.05 during trading hours on Monday, hitting $11.87. The stock had a trading volume of 283,364 shares, compared to its average volume of 250,393. The firm’s 50-day moving average price is $11.26 and its two-hundred day moving average price is $11.21. VanEck Mortgage REIT Income ETF has a 52 week low of $9.40 and a 52 week high of $12.56. The company has a market capitalization of $286.07 million, a P/E ratio of 6.96 and a beta of 1.34.

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.