Northwestern Mutual Wealth Management Co. Purchases Shares of 2,517 VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)

Northwestern Mutual Wealth Management Co. acquired a new position in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,517 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Gradient Investments LLC boosted its stake in VanEck Mortgage REIT Income ETF by 73,385.5% during the 2nd quarter. Gradient Investments LLC now owns 532,035 shares of the company’s stock valued at $5,953,000 after purchasing an additional 531,311 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in VanEck Mortgage REIT Income ETF by 2.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 389,645 shares of the company’s stock valued at $4,360,000 after acquiring an additional 10,021 shares in the last quarter. Drive Wealth Management LLC raised its stake in shares of VanEck Mortgage REIT Income ETF by 29.5% in the second quarter. Drive Wealth Management LLC now owns 166,503 shares of the company’s stock valued at $1,863,000 after purchasing an additional 37,910 shares in the last quarter. H&H Retirement Design & Management INC boosted its position in shares of VanEck Mortgage REIT Income ETF by 2.4% during the 2nd quarter. H&H Retirement Design & Management INC now owns 83,235 shares of the company’s stock valued at $988,000 after acquiring an additional 1,953 shares in the last quarter. Finally, Rebalance LLC increased its stake in VanEck Mortgage REIT Income ETF by 12.6% in the second quarter. Rebalance LLC now owns 39,907 shares of the company’s stock valued at $447,000 after acquiring an additional 4,458 shares during the period.

VanEck Mortgage REIT Income ETF Stock Down 0.1 %

Shares of MORT opened at $11.33 on Monday. The company has a 50-day moving average price of $11.67 and a two-hundred day moving average price of $11.36. The stock has a market cap of $273.05 million, a price-to-earnings ratio of 6.96 and a beta of 1.34. VanEck Mortgage REIT Income ETF has a 12 month low of $9.40 and a 12 month high of $12.56.

VanEck Mortgage REIT Income ETF 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.