Raymond James Financial Inc. Buys New Position in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)

Raymond James Financial Inc. purchased a new position in shares of VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 45,377 shares of the company’s stock, valued at approximately $482,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of VanEck Mortgage REIT Income ETF by 14.2% in the 4th quarter. LPL Financial LLC now owns 898,469 shares of the company’s stock valued at $9,542,000 after acquiring an additional 112,053 shares during the period. Gradient Investments LLC grew its position in VanEck Mortgage REIT Income ETF by 6.3% during the 4th quarter. Gradient Investments LLC now owns 604,278 shares of the company’s stock worth $6,417,000 after purchasing an additional 35,783 shares during the last quarter. Drive Wealth Management LLC increased its stake in VanEck Mortgage REIT Income ETF by 8.4% in the fourth quarter. Drive Wealth Management LLC now owns 295,850 shares of the company’s stock valued at $3,142,000 after purchasing an additional 22,829 shares during the period. Arete Wealth Advisors LLC raised its holdings in shares of VanEck Mortgage REIT Income ETF by 2.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 189,746 shares of the company’s stock valued at $2,014,000 after buying an additional 3,822 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its stake in shares of VanEck Mortgage REIT Income ETF by 5.0% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 142,737 shares of the company’s stock worth $1,516,000 after buying an additional 6,759 shares during the period.

VanEck Mortgage REIT Income ETF Stock Up 1.1 %

NYSEARCA MORT opened at $10.23 on Friday. The business’s 50-day moving average price is $10.49 and its 200 day moving average price is $10.92. The firm has a market cap of $281.84 million, a P/E ratio of 10.71 and a beta of 1.31. VanEck Mortgage REIT Income ETF has a 52-week low of $8.81 and a 52-week high of $12.36.

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.