ProVise Management Group LLC Sells 641 Shares of VanEck Steel ETF (NYSEARCA:SLX)

ProVise Management Group LLC cut its position in shares of VanEck Steel ETF (NYSEARCA:SLXFree Report) by 11.7% during the 4th quarter, Holdings Channel reports. The firm owned 4,836 shares of the exchange traded fund’s stock after selling 641 shares during the quarter. ProVise Management Group LLC’s holdings in VanEck Steel ETF were worth $357,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UBS Group AG boosted its stake in shares of VanEck Steel ETF by 7.4% in the 4th quarter. UBS Group AG now owns 196,391 shares of the exchange traded fund’s stock worth $14,485,000 after buying an additional 13,471 shares during the last quarter. Van ECK Associates Corp boosted its position in VanEck Steel ETF by 19.6% in the fourth quarter. Van ECK Associates Corp now owns 51,510 shares of the exchange traded fund’s stock worth $3,799,000 after purchasing an additional 8,428 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in VanEck Steel ETF by 2.8% in the fourth quarter. Citizens Financial Group Inc. RI now owns 6,825 shares of the exchange traded fund’s stock worth $503,000 after purchasing an additional 184 shares during the last quarter. Truist Financial Corp grew its stake in VanEck Steel ETF by 3.0% in the 4th quarter. Truist Financial Corp now owns 5,315 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 155 shares during the period. Finally, Simplex Trading LLC purchased a new stake in shares of VanEck Steel ETF during the 4th quarter valued at $104,000.

VanEck Steel ETF Price Performance

Shares of NYSEARCA SLX traded up $0.50 during mid-day trading on Friday, reaching $71.71. 6,749 shares of the company’s stock were exchanged, compared to its average volume of 16,689. The firm has a market capitalization of $111.15 million, a price-to-earnings ratio of 6.06 and a beta of 1.27. The firm has a 50-day moving average price of $71.37 and a two-hundred day moving average price of $70.51. VanEck Steel ETF has a 52 week low of $55.19 and a 52 week high of $75.00.

VanEck Steel ETF Profile

(Free Report)

Market Vectors Steel ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the NYSE Arca Steel Index (STEEL or the Index) by investing in a portfolio of securities that generally replicates STEEL. STEEL, calculated by the NYSE Alternext, is a modified market capitalization-weighted index consisting of publicly traded companies predominantly involved in the production of steel products or mining and processing of iron ore.

See Also

Want to see what other hedge funds are holding SLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Steel ETF (NYSEARCA:SLXFree Report).

Institutional Ownership by Quarter for VanEck Steel ETF (NYSEARCA:SLX)

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