VanEck Steel ETF (NYSEARCA:SLX – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $100.71 and traded as high as $109.87. VanEck Steel ETF shares last traded at $109.61, with a volume of 9,435 shares changing hands.
VanEck Steel ETF Trading Down 0.5%
The stock has a market capitalization of $172.74 million, a P/E ratio of 14.09 and a beta of 1.23. The company has a 50-day moving average price of $103.74 and a 200 day moving average price of $100.81.
Hedge Funds Weigh In On VanEck Steel ETF
A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of VanEck Steel ETF by 288.5% during the fourth quarter. Farther Finance Advisors LLC now owns 610 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 453 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of VanEck Steel ETF in the 4th quarter worth approximately $72,000. Advisors Preferred LLC bought a new position in shares of VanEck Steel ETF during the 4th quarter worth approximately $80,000. Fifth Third Bancorp bought a new position in shares of VanEck Steel ETF during the 1st quarter worth approximately $110,000. Finally, Western Wealth Management LLC purchased a new stake in VanEck Steel ETF during the first quarter valued at approximately $142,000.
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. 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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