VanEck Steel ETF (NYSEARCA:SLX) Shares Bought by Bank of America Corp DE

Bank of America Corp DE increased its position in VanEck Steel ETF (NYSEARCA:SLX) by 39.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,828 shares of the exchange traded fund’s stock after buying an additional 4,493 shares during the quarter. Bank of America Corp DE owned about 1.02% of VanEck Steel ETF worth $925,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in VanEck Steel ETF during the fourth quarter valued at $27,000. Alliancebernstein L.P. acquired a new position in VanEck Steel ETF during the fourth quarter valued at $251,000. Kingsview Wealth Management LLC acquired a new position in VanEck Steel ETF during the fourth quarter valued at $275,000. Stephens Inc. AR acquired a new position in VanEck Steel ETF during the fourth quarter valued at $310,000. Finally, 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 valued at $413,000 after buying an additional 242 shares during the period.

VanEck Steel ETF Price Performance

Shares of SLX stock opened at $65.03 on Friday. VanEck Steel ETF has a fifty-two week low of $51.69 and a fifty-two week high of $74.33. The stock’s 50-day moving average is $60.28 and its two-hundred day moving average is $62.04. The firm has a market cap of $74.78 million, a P/E ratio of 13.32 and a beta of 1.30.

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.