Drive Wealth Management LLC Boosts Stake in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)

Drive Wealth Management LLC lifted its holdings in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,850 shares of the company’s stock after buying an additional 22,829 shares during the period. VanEck Mortgage REIT Income ETF makes up 0.8% of Drive Wealth Management LLC’s holdings, making the stock its 25th biggest position. Drive Wealth Management LLC owned 1.23% of VanEck Mortgage REIT Income ETF worth $3,142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in VanEck Mortgage REIT Income ETF in the second quarter worth approximately $28,000. Mattson Financial Services LLC acquired a new position in shares of VanEck Mortgage REIT Income ETF in the 2nd quarter valued at $47,000. Future Financial Wealth Managment LLC acquired a new position in VanEck Mortgage REIT Income ETF in the 3rd quarter valued at $54,000. Realta Investment Advisors increased its stake in VanEck Mortgage REIT Income ETF by 337.5% in the 3rd quarter. Realta Investment Advisors now owns 5,106 shares of the company’s stock valued at $58,000 after buying an additional 3,939 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of VanEck Mortgage REIT Income ETF during the 3rd quarter worth $184,000.

VanEck Mortgage REIT Income ETF Stock Up 0.5 %

NYSEARCA:MORT opened at $10.83 on Monday. VanEck Mortgage REIT Income ETF has a fifty-two week low of $10.19 and a fifty-two week high of $12.36. The firm’s fifty day simple moving average is $11.01 and its 200-day simple moving average is $11.38. The stock has a market cap of $261.00 million, a PE ratio of 6.96 and a beta of 1.34.

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.