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Mortgage REITs log in a good day

Published 11/29/2018, 03:58 PM
© Reuters.  Mortgage REITs log in a good day
AAIC
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ARR
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IVR
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TWO
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XLF
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  • With many financial sectors down or mixed today, mortgage REITs are clearly running well.
  • UBS ETRACS Monthly Pay 2x Leveraged Mortgage REIT ETN (NYSEARCA:MORL) +2.1% in late trading, and VanEck Mortgage REIT Income ETF (NYSEARCA:MORT) +0.6%.
  • That compares with the Financial Select Sector SPDR (XLF -0.9%), made up of big banks and other financial firms.
  • Arlington Asset Investment (AI +1.2%), Ellington Financial (EFC +1.5%), Armour Residential (ARR +1.1%), Two Harbors Investment (TWO +1%), and Invesco Mortgage Capital (IVR +1.2%) are among the leaders in the mortgage REIT sector.
  • Still, mortgage REITs are regaining some ground lost in September into October. For example, MORT's three-month return is -3.1%; YTD it's up 1.1%.
  • ETFs: MORL, REM, MORT
  • Now read: Preferred Shares From Two Harbors Put On A Nice Rally, TWO-A Remains A Buy


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