Drive Wealth Management LLC Sells 216,922 Shares of VanEck Mortgage REIT Income ETF $MORT

Drive Wealth Management LLC trimmed its stake in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) by 63.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,503 shares of the company’s stock after selling 216,922 shares during the period. Drive Wealth Management LLC owned approximately 0.40% of VanEck Mortgage REIT Income ETF worth $1,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MORT. Ameritas Advisory Services LLC purchased a new position in VanEck Mortgage REIT Income ETF in the 2nd quarter worth approximately $26,000. Jane Street Group LLC purchased a new position in VanEck Mortgage REIT Income ETF in the second quarter worth $134,000. Hillsdale Investment Management Inc. bought a new position in VanEck Mortgage REIT Income ETF in the second quarter valued at $154,000. Brookwood Investment Group LLC bought a new position in VanEck Mortgage REIT Income ETF in the second quarter valued at $213,000. Finally, Institute for Wealth Management LLC. raised its position in VanEck Mortgage REIT Income ETF by 74.7% during the second quarter. Institute for Wealth Management LLC. now owns 25,811 shares of the company’s stock valued at $273,000 after purchasing an additional 11,036 shares in the last quarter.

VanEck Mortgage REIT Income ETF Stock Down 0.2%

Shares of MORT stock opened at $11.19 on Friday. The business has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $10.71. VanEck Mortgage REIT Income ETF has a 12-month low of $8.81 and a 12-month high of $11.79. The firm has a market cap of $389.41 million, a P/E ratio of 14.67 and a beta of 1.30.

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.