Schuylkill Financial LLC bought a new stake in VanEck Steel ETF (NYSEARCA:SLX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,827 shares of the exchange traded fund’s stock, valued at approximately $869,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of VanEck Steel ETF during the fourth quarter valued at $72,000. Fifth Third Bancorp acquired a new stake in VanEck Steel ETF in the first quarter worth about $110,000. Western Wealth Management LLC acquired a new stake in VanEck Steel ETF in the first quarter worth about $142,000. CoreCap Advisors LLC raised its holdings in VanEck Steel ETF by 37.8% during the 2nd quarter. CoreCap Advisors LLC now owns 2,413 shares of the exchange traded fund’s stock worth $237,000 after purchasing an additional 662 shares during the last quarter. Finally, Cornerstone Management Inc. bought a new stake in VanEck Steel ETF during the 4th quarter worth about $234,000.
VanEck Steel ETF Trading Up 0.1%
Shares of NYSEARCA SLX opened at $110.99 on Friday. The firm has a market capitalization of $177.58 million, a PE ratio of 14.09 and a beta of 1.24. VanEck Steel ETF has a 1 year low of $70.17 and a 1 year high of $114.00. The firm’s 50-day moving average is $104.61 and its 200-day moving average is $102.00.
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. The Index includes companies primarily involved in a variety of activities related to steel production, including the operation of manufacturing mills and fabrication of steel products.
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