Kingsview Wealth Management LLC Makes New Investment in VanEck Steel ETF (NYSEARCA:SLX)

Kingsview Wealth Management LLC bought a new position in shares of VanEck Steel ETF (NYSEARCA:SLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,700 shares of the exchange traded fund’s stock, valued at approximately $275,000. Kingsview Wealth Management LLC owned 0.30% of VanEck Steel ETF at the end of the most recent quarter.

Separately, Raymond James & Associates bought a new stake in VanEck Steel ETF during the 3rd quarter worth approximately $12,299,000.

VanEck Steel ETF Trading Up 0.5 %

NYSEARCA SLX opened at $63.32 on Friday. The stock has a market cap of $98.15 million, a price-to-earnings ratio of 6.06 and a beta of 1.27. VanEck Steel ETF has a 12 month low of $57.31 and a 12 month high of $74.33. The company’s 50 day moving average is $61.34 and its two-hundred day moving average is $65.51.

VanEck Steel ETF Company Profile

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.