Raymond James & Associates Makes New Investment in VanEck Steel ETF (NYSEARCA:SLX)

Raymond James & Associates purchased a new stake in shares of VanEck Steel ETF (NYSEARCA:SLXFree Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 174,653 shares of the exchange traded fund’s stock, valued at approximately $12,299,000. Raymond James & Associates owned approximately 11.27% of VanEck Steel ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SLX. Riggs Asset Managment Co. Inc. increased its position in shares of VanEck Steel ETF by 1.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 91,019 shares of the exchange traded fund’s stock valued at $6,610,000 after buying an additional 977 shares during the period. Fortune Financial Advisors LLC lifted its stake in VanEck Steel ETF by 49.5% in the 2nd quarter. Fortune Financial Advisors LLC now owns 11,511 shares of the exchange traded fund’s stock worth $767,000 after purchasing an additional 3,810 shares in the last quarter. Comerica Bank boosted its holdings in VanEck Steel ETF by 89.4% in the 1st quarter. Comerica Bank now owns 5,297 shares of the exchange traded fund’s stock valued at $385,000 after purchasing an additional 2,500 shares during the period. Rothschild Investment LLC purchased a new position in shares of VanEck Steel ETF during the 2nd quarter valued at $147,000. Finally, Family Firm Inc. bought a new position in shares of VanEck Steel ETF in the second quarter worth $62,000.

VanEck Steel ETF Stock Performance

Shares of SLX stock opened at $67.19 on Monday. The business’s fifty day moving average is $66.92 and its 200 day moving average is $68.09. VanEck Steel ETF has a 52-week low of $60.80 and a 52-week high of $75.00. The company has a market capitalization of $104.14 million, a PE ratio of 6.06 and a beta of 1.27.

VanEck Steel ETF Company 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.

Further Reading

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

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