Hollencrest Capital Management Makes New $75,000 Investment in VanEck Mortgage REIT Income ETF (NYSEARCA:MORT)

Hollencrest Capital Management purchased a new position in shares of VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,040 shares of the company’s stock, valued at approximately $75,000.

Other large investors have also recently modified their holdings of the company. Cascade Financial Partners LLC purchased a new position in VanEck Mortgage REIT Income ETF during the fourth quarter valued at approximately $393,000. Rebalance LLC increased its stake in shares of VanEck Mortgage REIT Income ETF by 6.3% in the fourth quarter. Rebalance LLC now owns 42,432 shares of the company’s stock worth $451,000 after buying an additional 2,525 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of VanEck Mortgage REIT Income ETF during the fourth quarter worth about $482,000. Steward Partners Investment Advisory LLC lifted its holdings in VanEck Mortgage REIT Income ETF by 33.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 68,563 shares of the company’s stock worth $728,000 after buying an additional 17,093 shares during the period. Finally, Advyzon Investment Management LLC purchased a new position in VanEck Mortgage REIT Income ETF during the 4th quarter valued at $155,000.

VanEck Mortgage REIT Income ETF Stock Performance

Shares of NYSEARCA:MORT opened at $11.28 on Thursday. The stock has a 50 day moving average price of $11.15 and a 200-day moving average price of $11.33. VanEck Mortgage REIT Income ETF has a 52-week low of $10.19 and a 52-week high of $12.36. The firm has a market capitalization of $313.02 million, a P/E ratio of 11.30 and a beta of 1.65.

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.