HighTower Advisors LLC Takes $246,000 Position in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)

HighTower Advisors LLC purchased a new position in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,519 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Drive Wealth Management LLC increased its position in shares of VanEck Mortgage REIT Income ETF by 64.0% during the 3rd quarter. Drive Wealth Management LLC now owns 273,021 shares of the company’s stock worth $3,295,000 after purchasing an additional 106,518 shares in the last quarter. Realta Investment Advisors grew its stake in VanEck Mortgage REIT Income ETF by 337.5% during the third quarter. Realta Investment Advisors now owns 5,106 shares of the company’s stock worth $58,000 after buying an additional 3,939 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of VanEck Mortgage REIT Income ETF by 25.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 34,631 shares of the company’s stock worth $418,000 after buying an additional 7,022 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of VanEck Mortgage REIT Income ETF during the third quarter worth approximately $54,000. Finally, Mattson Financial Services LLC bought a new position in shares of VanEck Mortgage REIT Income ETF in the second quarter valued at approximately $47,000.

VanEck Mortgage REIT Income ETF Stock Performance

Shares of NYSEARCA:MORT opened at $11.05 on Wednesday. The business has a fifty day moving average of $11.29 and a 200-day moving average of $11.45. The firm has a market cap of $266.31 million, a PE ratio of 6.96 and a beta of 1.34. VanEck Mortgage REIT Income ETF has a twelve month low of $10.31 and a twelve month high of $12.56.

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.