Sax Wealth Advisors LLC Takes $336,000 Position in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)

Sax Wealth Advisors LLC bought a new position in shares of VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 30,000 shares of the company’s stock, valued at approximately $336,000.

A number of other hedge funds have also recently bought and sold shares of the company. Rebalance LLC boosted its position in shares of VanEck Mortgage REIT Income ETF by 12.6% during the 2nd quarter. Rebalance LLC now owns 39,907 shares of the company’s stock valued at $447,000 after purchasing an additional 4,458 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in VanEck Mortgage REIT Income ETF during the first quarter worth approximately $65,000. Janney Montgomery Scott LLC grew its position in VanEck Mortgage REIT Income ETF by 26.1% in the first quarter. Janney Montgomery Scott LLC now owns 13,320 shares of the company’s stock worth $156,000 after buying an additional 2,759 shares during the last quarter. PFG Investments LLC bought a new position in shares of VanEck Mortgage REIT Income ETF in the first quarter valued at $249,000. Finally, Drive Wealth Management LLC acquired a new stake in shares of VanEck Mortgage REIT Income ETF during the 1st quarter valued at $1,503,000.

VanEck Mortgage REIT Income ETF Price Performance

Shares of MORT traded down $0.02 during trading hours on Friday, hitting $11.39. 192,271 shares of the company were exchanged, compared to its average volume of 256,816. The company has a market capitalization of $274.50 million, a PE ratio of 6.96 and a beta of 1.34. The firm has a fifty day simple moving average of $11.34 and a 200-day simple moving average of $11.19. VanEck Mortgage REIT Income ETF has a one year low of $9.40 and a one year 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.