LPL Financial LLC boosted its position in VanEck Steel ETF (NYSEARCA:SLX – Get Rating) by 24.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,116 shares of the exchange traded fund’s stock after buying an additional 4,858 shares during the quarter. LPL Financial LLC owned approximately 1.42% of VanEck Steel ETF worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS Group AG grew its stake in shares of VanEck Steel ETF by 29.2% in the first quarter. UBS Group AG now owns 147,505 shares of the exchange traded fund’s stock worth $10,007,000 after acquiring an additional 33,353 shares during the last quarter. Bank of America Corp DE raised its stake in VanEck Steel ETF by 4.0% during the 1st quarter. Bank of America Corp DE now owns 129,317 shares of the exchange traded fund’s stock valued at $8,773,000 after purchasing an additional 4,938 shares during the period. Royal Bank of Canada increased its stake in VanEck Steel ETF by 29.8% in 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 last quarter. Goldman Sachs Group Inc. increased its stake in VanEck Steel ETF by 42.3% in 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 last quarter. Finally, Jane Street Group LLC purchased a new position in shares of VanEck Steel ETF in the 3rd quarter worth approximately $587,000.
VanEck Steel ETF Stock Down 0.5 %
SLX opened at $56.84 on Friday. The business has a fifty day moving average of $60.64 and a 200 day moving average of $62.09. The stock has a market cap of $109.14 million, a P/E ratio of 3.19 and a beta of 1.35. VanEck Steel ETF has a 52-week low of $46.17 and a 52-week high of $70.38.
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.
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