Van ECK Associates Corp Grows Position in VanEck Steel ETF (NYSEARCA:SLX)

Van ECK Associates Corp raised its position in VanEck Steel ETF (NYSEARCA:SLX) by 37.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,928 shares of the exchange traded fund’s stock after purchasing an additional 7,885 shares during the quarter. Van ECK Associates Corp’s holdings in VanEck Steel ETF were worth $1,691,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SLX. Jane Street Group LLC acquired a new position in VanEck Steel ETF during the 3rd quarter worth approximately $295,000. Kingsview Wealth Management LLC acquired a new position in shares of VanEck Steel ETF during the fourth quarter worth $275,000. Stephens Inc. AR acquired a new position in shares of VanEck Steel ETF during the fourth quarter worth $310,000. Finally, Raymond James & Associates purchased a new position in shares of VanEck Steel ETF in the third quarter valued at $12,299,000.

VanEck Steel ETF Trading Down 2.0 %

Shares of SLX stock opened at $62.82 on Friday. The company has a market capitalization of $97.37 million, a PE ratio of 6.06 and a beta of 1.27. The firm has a fifty day simple moving average of $60.85 and a 200-day simple moving average of $65.35. VanEck Steel ETF has a twelve month low of $57.31 and a twelve month high of $74.33.

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.