AXS Investments LLC Sells 107,994 Shares of VanEck Mortgage REIT Income ETF $MORT

AXS Investments LLC trimmed its position in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) by 40.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 158,507 shares of the company’s stock after selling 107,994 shares during the period. AXS Investments LLC’s holdings in VanEck Mortgage REIT Income ETF were worth $1,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Securities Inc. increased its holdings in VanEck Mortgage REIT Income ETF by 1.9% during the 4th quarter. Fifth Third Securities Inc. now owns 53,192 shares of the company’s stock valued at $559,000 after purchasing an additional 977 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of VanEck Mortgage REIT Income ETF by 3.6% during the second quarter. Thrivent Financial for Lutherans now owns 30,530 shares of the company’s stock valued at $322,000 after acquiring an additional 1,074 shares in the last quarter. Sowell Financial Services LLC raised its holdings in shares of VanEck Mortgage REIT Income ETF by 10.8% during the fourth quarter. Sowell Financial Services LLC now owns 15,424 shares of the company’s stock valued at $162,000 after acquiring an additional 1,500 shares in the last quarter. TPG Advisors LLC lifted its stake in VanEck Mortgage REIT Income ETF by 11.2% in the first quarter. TPG Advisors LLC now owns 16,833 shares of the company’s stock worth $173,000 after acquiring an additional 1,700 shares during the period. Finally, Equitable Holdings Inc. lifted its stake in VanEck Mortgage REIT Income ETF by 1.8% in the fourth quarter. Equitable Holdings Inc. now owns 116,100 shares of the company’s stock worth $1,220,000 after acquiring an additional 2,084 shares during the period.

VanEck Mortgage REIT Income ETF Stock Up 1.3%

NYSEARCA:MORT opened at $10.19 on Friday. The stock has a market cap of $384.67 million, a P/E ratio of 14.67 and a beta of 1.16. The firm’s fifty day simple moving average is $10.07 and its 200 day simple moving average is $10.41. VanEck Mortgage REIT Income ETF has a twelve month low of $9.70 and a twelve month high of $11.44.

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.