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

Van ECK Associates Corp raised its holdings in shares of VanEck Steel ETF (NYSEARCA:SLX) by 19.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,510 shares of the exchange traded fund’s stock after buying an additional 8,428 shares during the period. Van ECK Associates Corp’s holdings in VanEck Steel ETF were worth $3,799,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SLX. U S Global Investors Inc. purchased a new position in shares of VanEck Steel ETF during the fourth quarter valued at approximately $37,000. Simplex Trading LLC bought a new stake in shares of VanEck Steel ETF during the fourth quarter valued at approximately $104,000. Verdence Capital Advisors LLC bought a new stake in shares of VanEck Steel ETF during the fourth quarter valued at approximately $297,000. Truist Financial Corp raised its stake in shares of VanEck Steel ETF by 3.0% during the fourth quarter. Truist Financial Corp now owns 5,315 shares of the exchange traded fund’s stock valued at $392,000 after acquiring an additional 155 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of VanEck Steel ETF by 2.8% during the fourth quarter. Citizens Financial Group Inc. RI now owns 6,825 shares of the exchange traded fund’s stock valued at $503,000 after acquiring an additional 184 shares in the last quarter.

VanEck Steel ETF Stock Performance

VanEck Steel ETF stock opened at $71.02 on Monday. The company has a 50 day moving average price of $70.91 and a 200-day moving average price of $69.60. VanEck Steel ETF has a fifty-two week low of $55.19 and a fifty-two week high of $75.00. The company has a market capitalization of $110.08 million, a PE ratio of 6.06 and a beta of 1.27.

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.