Alliancebernstein L.P. Takes $251,000 Position in VanEck Steel ETF (NYSEARCA:SLX)

Alliancebernstein L.P. bought a new position in shares of VanEck Steel ETF (NYSEARCA:SLX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,288 shares of the exchange traded fund’s stock, valued at approximately $251,000. Alliancebernstein L.P. owned about 0.28% of VanEck Steel ETF at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Citizens Financial Group Inc. RI raised its position in VanEck Steel ETF by 3.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 7,067 shares of the exchange traded fund’s stock worth $413,000 after acquiring an additional 242 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of VanEck Steel ETF in the fourth quarter valued at about $27,000. Jane Street Group LLC acquired a new position in shares of VanEck Steel ETF during the 3rd quarter worth approximately $295,000. Kingsview Wealth Management LLC acquired a new stake in VanEck Steel ETF during the fourth quarter worth approximately $275,000. Finally, Stephens Inc. AR bought a new position in shares of VanEck Steel ETF in the fourth quarter worth $310,000.

VanEck Steel ETF Trading Down 1.9 %

Shares of VanEck Steel ETF stock opened at $55.89 on Tuesday. VanEck Steel ETF has a 1-year low of $51.69 and a 1-year high of $74.33. The company has a 50 day moving average of $60.73 and a 200-day moving average of $63.60. The company has a market cap of $67.07 million, a PE ratio of 11.52 and a beta of 1.26.

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.