VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Trading Up 2.2% – Time to Buy?

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)’s share price traded up 2.2% during mid-day trading on Friday . The stock traded as high as $9.95 and last traded at $9.89. 1,025,114 shares changed hands during trading, a decline of 22% from the average daily volume of 1,306,346 shares. The stock had previously closed at $9.68.

VanEck Mortgage REIT Income ETF Price Performance

The stock’s 50-day moving average is $9.96 and its two-hundred day moving average is $10.30. The stock has a market cap of $384.72 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 large investors have recently made changes to their positions in MORT. Fifth Third Securities Inc. increased its stake in shares of VanEck Mortgage REIT Income ETF by 1.9% during the fourth quarter. Fifth Third Securities Inc. now owns 53,192 shares of the company’s stock valued at $559,000 after buying an additional 977 shares during the period. Thrivent Financial for Lutherans grew its holdings in VanEck Mortgage REIT Income ETF by 3.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 30,530 shares of the company’s stock worth $322,000 after acquiring an additional 1,074 shares in the last quarter. Sowell Financial Services LLC increased its position in VanEck Mortgage REIT Income ETF by 10.8% during the 4th quarter. Sowell Financial Services LLC now owns 15,424 shares of the company’s stock valued at $162,000 after purchasing an additional 1,500 shares during the period. TPG Advisors LLC increased its position in VanEck Mortgage REIT Income ETF by 11.2% during the 1st quarter. TPG Advisors LLC now owns 16,833 shares of the company’s stock valued at $173,000 after purchasing an additional 1,700 shares during the period. Finally, Equitable Holdings Inc. raised its holdings in shares of VanEck Mortgage REIT Income ETF by 1.8% in the 4th quarter. Equitable Holdings Inc. now owns 116,100 shares of the company’s stock valued at $1,220,000 after purchasing an additional 2,084 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.