Family Firm Inc. Invests $62,000 in VanEck Steel ETF (NYSEARCA:SLX)

Family Firm Inc. bought a new position in shares of VanEck Steel ETF (NYSEARCA:SLX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 931 shares of the exchange traded fund’s stock, valued at approximately $62,000. Family Firm Inc. owned approximately 0.06% of VanEck Steel ETF at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Simplex Trading LLC purchased a new stake in shares of VanEck Steel ETF during the 4th quarter worth approximately $104,000. Hazlett Burt & Watson Inc. acquired a new position in VanEck Steel ETF in the first quarter valued at $248,000. Verdence Capital Advisors LLC grew its holdings in shares of VanEck Steel ETF by 14.1% during the first quarter. Verdence Capital Advisors LLC now owns 4,600 shares of the exchange traded fund’s stock worth $334,000 after purchasing an additional 568 shares during the last quarter. Comerica Bank grew its holdings in shares of VanEck Steel ETF by 89.4% during the first quarter. Comerica Bank now owns 5,297 shares of the exchange traded fund’s stock worth $385,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Truist Financial Corp increased its position 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 worth $392,000 after purchasing an additional 155 shares in the last quarter.

VanEck Steel ETF Stock Up 1.5 %

Shares of NYSEARCA SLX opened at $66.68 on Friday. The business has a 50-day moving average price of $66.82 and a 200 day moving average price of $69.28. The stock has a market cap of $103.35 million, a PE ratio of 6.06 and a beta of 1.27. VanEck Steel ETF has a 52-week low of $59.71 and a 52-week high of $75.00.

VanEck Steel ETF 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.