VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) Stock Price Down 0.8% – Should You Sell?

VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)’s stock price was down 0.8% on Monday . The stock traded as low as $9.99 and last traded at $10.00. 872,178 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 1,317,920 shares. The stock had previously closed at $10.08.

VanEck Mortgage REIT Income ETF Price Performance

The company has a market cap of $389.62 million, a PE ratio of 14.67 and a beta of 1.17. The business’s 50 day moving average is $10.23 and its 200-day moving average is $10.50.

Institutional Investors Weigh In On VanEck Mortgage REIT Income ETF

Several institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of VanEck Mortgage REIT Income ETF during the second quarter worth $134,000. Bank of America Corp DE raised its stake in VanEck Mortgage REIT Income ETF by 15.4% in the second quarter. Bank of America Corp DE now owns 549,788 shares of the company’s stock valued at $5,806,000 after buying an additional 73,543 shares in the last quarter. MML Investors Services LLC lifted its holdings in VanEck Mortgage REIT Income ETF by 6.4% during the 2nd quarter. MML Investors Services LLC now owns 230,615 shares of the company’s stock worth $2,435,000 after buying an additional 13,787 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in VanEck Mortgage REIT Income ETF by 2,318.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 141,327 shares of the company’s stock worth $1,492,000 after buying an additional 135,484 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted 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 buying an additional 1,074 shares during 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.