Van ECK Associates Corp Sells 15,456 Shares of VanEck Steel ETF (NYSEARCA:SLX)

Van ECK Associates Corp trimmed its stake in VanEck Steel ETF (NYSEARCA:SLX) by 42.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,004 shares of the exchange traded fund’s stock after selling 15,456 shares during the period. Van ECK Associates Corp owned about 1.36% of VanEck Steel ETF worth $1,399,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Comerica Bank boosted its holdings in shares of VanEck Steel ETF by 89.4% in the 1st quarter. Comerica Bank now owns 5,297 shares of the exchange traded fund’s stock worth $385,000 after acquiring an additional 2,500 shares in the last quarter. UBS Group AG grew its holdings in shares of VanEck Steel ETF by 7.4% during the fourth quarter. UBS Group AG now owns 196,391 shares of the exchange traded fund’s stock worth $14,485,000 after purchasing an additional 13,471 shares during the last quarter. Truist Financial Corp increased its stake in shares of VanEck Steel ETF by 3.0% in the fourth quarter. Truist Financial Corp now owns 5,315 shares of the exchange traded fund’s stock valued at $392,000 after buying an additional 155 shares in the last quarter. Family Firm Inc. bought a new position in shares of VanEck Steel ETF in the second quarter valued at about $62,000. Finally, Simplex Trading LLC acquired a new position in VanEck Steel ETF during the 4th quarter worth about $104,000.

VanEck Steel ETF Stock Down 1.0 %

Shares of NYSEARCA:SLX opened at $62.03 on Friday. The firm has a market cap of $96.15 million, a P/E ratio of 6.06 and a beta of 1.27. VanEck Steel ETF has a 12 month low of $59.71 and a 12 month high of $75.00. The company’s 50-day moving average price is $66.67 and its two-hundred day moving average price is $68.95.

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.