Institute for Wealth Management LLC. Takes Position in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)

Institute for Wealth Management LLC. purchased a new position in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 14,775 shares of the company’s stock, valued at approximately $175,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its stake in VanEck Mortgage REIT Income ETF by 10.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,110 shares of the company’s stock valued at $241,000 after acquiring an additional 1,378 shares during the period. PNC Financial Services Group Inc. acquired a new stake in VanEck Mortgage REIT Income ETF during the 1st quarter worth about $51,000. Bank of Montreal Can raised its stake in shares of VanEck Mortgage REIT Income ETF by 69.7% during the 1st quarter. Bank of Montreal Can now owns 1,697 shares of the company’s stock valued at $29,000 after buying an additional 697 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of VanEck Mortgage REIT Income ETF by 53.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 56,920 shares of the company’s stock valued at $972,000 after buying an additional 19,829 shares during the period. Finally, Jane Street Group LLC acquired a new stake in VanEck Mortgage REIT Income ETF during the second quarter worth about $210,000.

VanEck Mortgage REIT Income ETF Trading Up 1.4 %

Shares of MORT stock opened at $10.66 on Monday. VanEck Mortgage REIT Income ETF has a twelve month low of $9.40 and a twelve month high of $12.56. The stock has a market cap of $246.25 million, a P/E ratio of 6.50 and a beta of 1.51. The stock has a 50 day moving average of $11.09 and a 200 day moving average of $11.14.

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.