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

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) fell 0.8% during mid-day trading on Monday . The stock traded as low as $9.99 and last traded at $10.00. 872,178 shares traded 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 Stock Performance

The stock’s fifty day moving average is $10.23 and its 200 day moving average is $10.51. The stock has a market cap of $385 million, a P/E ratio of 14.67 and a beta of 1.17.

Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF

Several institutional investors have recently modified their holdings of MORT. Kestra Advisory Services LLC bought a new stake in shares of VanEck Mortgage REIT Income ETF in the 4th quarter valued at approximately $33,000. Advisory Services Network LLC purchased a new stake in VanEck Mortgage REIT Income ETF during the 3rd quarter valued at $61,000. Phoenix Financial Ltd. purchased a new stake in VanEck Mortgage REIT Income ETF during the 4th quarter valued at $70,000. Triumph Capital Management bought a new stake in VanEck Mortgage REIT Income ETF in the third quarter worth $107,000. Finally, Clear Creek Financial Management LLC bought a new stake in VanEck Mortgage REIT Income ETF in the fourth quarter worth $108,000.

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.