VanEck Mortgage REIT Income ETF (NYSEARCA:MORT – Get Free Report) shot up 0.4% during mid-day trading on Friday. The stock traded as high as $7.24 and last traded at $7.21. 1,642,706 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 1,409,019 shares. The stock had previously closed at $7.18.
VanEck Mortgage REIT Income ETF Price Performance
The company has a fifty day simple moving average of $8.20 and a 200-day simple moving average of $9.70. The company has a market cap of $297.77 million, a P/E ratio of 10.72 and a beta of 1.23.
Hedge Funds Weigh In On VanEck Mortgage REIT Income ETF
A number of hedge funds have recently modified their holdings of the stock. AMG National Trust Bank purchased a new position in VanEck Mortgage REIT Income ETF in the 3rd quarter worth about $88,000. Lido Advisors LLC acquired a new stake in VanEck Mortgage REIT Income ETF during the 3rd quarter worth about $160,000. StoneX Group Inc. acquired a new stake in VanEck Mortgage REIT Income ETF during the 3rd quarter worth about $136,000. Ashton Thomas Private Wealth LLC raised its holdings in VanEck Mortgage REIT Income ETF by 1.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 262,150 shares of the company’s stock worth $2,205,000 after buying an additional 2,505 shares during the period. Finally, Integras Partners LLC lifted its stake in VanEck Mortgage REIT Income ETF by 6.4% during the third quarter. Integras Partners LLC now owns 189,980 shares of the company’s stock valued at $1,598,000 after buying an additional 11,382 shares in 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.
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