LPL Financial LLC Has $1.33 Million Stake in VanEck Steel ETF $SLX

LPL Financial LLC boosted its position in shares of VanEck Steel ETF (NYSEARCA:SLX) by 44.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,673 shares of the exchange traded fund’s stock after acquiring an additional 6,681 shares during the period. LPL Financial LLC owned 1.81% of VanEck Steel ETF worth $1,333,000 at the end of the most recent quarter.

Separately, JBGlobal.com LLC acquired a new position in shares of VanEck Steel ETF during the first quarter valued at about $210,000.

VanEck Steel ETF Stock Performance

Shares of SLX opened at $71.03 on Friday. The company has a 50-day simple moving average of $68.73 and a 200-day simple moving average of $64.05. The firm has a market capitalization of $92.34 million, a P/E ratio of 14.09 and a beta of 1.35. VanEck Steel ETF has a 52 week low of $51.69 and a 52 week high of $74.33.

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.