VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Stock Price Down 0.8% – Here’s What Happened

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) shares were down 0.8% on Monday. The company traded as low as $7.80 and last traded at $7.83. 1,991,339 shares changed hands 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 Trading Down 0.8%

The company has a fifty day moving average price of $9.46 and a two-hundred day moving average price of $9.89. The firm has a market capitalization of $303.02 million, a price-to-earnings ratio of 14.67 and a beta of 1.20.

Hedge Funds Weigh In On VanEck Mortgage REIT Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MORT. Bank of America Corp DE grew its holdings in VanEck Mortgage REIT Income ETF by 266.8% in the 1st quarter. Bank of America Corp DE now owns 2,355,913 shares of the company’s stock valued at $24,172,000 after buying an additional 1,713,570 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of VanEck Mortgage REIT Income ETF by 14.0% during the 1st quarter. Cetera Investment Advisers now owns 285,155 shares of the company’s stock worth $2,926,000 after acquiring an additional 35,011 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of VanEck Mortgage REIT Income ETF by 10.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 202,898 shares of the company’s stock worth $2,102,000 after acquiring an additional 19,681 shares during the period. One Wealth Map LLC boosted its position in shares of 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 acquiring an additional 23,677 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of VanEck Mortgage REIT Income ETF during the 1st quarter valued at about $659,000.

VanEck Mortgage REIT Income ETF Company Profile

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.