UBS Group AG Sells 5,217 Shares of VanEck Steel ETF $SLX

UBS Group AG lowered its position in VanEck Steel ETF (NYSEARCA:SLX) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,877 shares of the exchange traded fund’s stock after selling 5,217 shares during the quarter. UBS Group AG’s holdings in VanEck Steel ETF were worth $4,572,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SLX. Farther Finance Advisors LLC lifted its position in shares of VanEck Steel ETF by 288.5% in the 4th quarter. Farther Finance Advisors LLC now owns 610 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 453 shares during the period. CoreCap Advisors LLC lifted its position in shares of VanEck Steel ETF by 286.6% in the 4th quarter. CoreCap Advisors LLC now owns 924 shares of the exchange traded fund’s stock worth $78,000 after acquiring an additional 685 shares during the period. Private Trust Co. NA bought a new stake in shares of VanEck Steel ETF in the 4th quarter worth approximately $190,000. JBGlobal.com LLC bought a new stake in shares of VanEck Steel ETF in the 4th quarter worth approximately $289,000. Finally, Park Avenue Securities LLC bought a new stake in shares of VanEck Steel ETF in the 4th quarter worth approximately $340,000.

VanEck Steel ETF Trading Up 0.6%

Shares of SLX stock opened at $106.67 on Friday. The company has a market capitalization of $164.27 million, a P/E ratio of 14.09 and a beta of 1.21. VanEck Steel ETF has a 12 month low of $61.37 and a 12 month high of $110.03. The stock has a 50 day moving average of $98.33 and a two-hundred day moving average of $92.04.

About VanEck Steel ETF

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.