UBS Group AG Boosts Holdings in VanEck Steel ETF (NYSEARCA:SLX)

UBS Group AG increased its holdings in VanEck Steel ETF (NYSEARCA:SLX – Get Rating) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 164,971 shares of the exchange traded fund’s stock after buying an additional 10,598 shares during the quarter. UBS Group AG owned 9.32% of VanEck Steel ETF worth $9,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in shares of VanEck Steel ETF by 4.0% in the first quarter. Bank of America Corp DE now owns 129,317 shares of the exchange traded fund’s stock worth $8,773,000 after buying an additional 4,938 shares during the last quarter. LPL Financial LLC raised its stake in VanEck Steel ETF by 24.0% during the 4th quarter. LPL Financial LLC now owns 25,116 shares of the exchange traded fund’s stock worth $1,453,000 after acquiring an additional 4,858 shares during the period. Royal Bank of Canada raised its stake in VanEck Steel ETF by 29.8% during the 3rd quarter. Royal Bank of Canada now owns 22,528 shares of the exchange traded fund’s stock worth $1,076,000 after acquiring an additional 5,167 shares during the period. Goldman Sachs Group Inc. raised its stake in VanEck Steel ETF by 42.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 17,086 shares of the exchange traded fund’s stock worth $845,000 after acquiring an additional 5,076 shares during the period. Finally, Jane Street Group LLC bought a new stake in VanEck Steel ETF during the 3rd quarter worth approximately $587,000.

VanEck Steel ETF Trading Down 1.1 %

NYSEARCA SLX opened at $58.44 on Wednesday. VanEck Steel ETF has a 12 month low of $46.17 and a 12 month high of $70.38. The stock has a market cap of $112.21 million, a price-to-earnings ratio of 3.19 and a beta of 1.35. The company’s 50 day moving average is $60.75 and its two-hundred day moving average is $62.16.

VanEck Steel ETF Company Profile

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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.