VanEck Steel ETF (NYSEARCA:SLX – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $99.96 and traded as high as $109.11. VanEck Steel ETF shares last traded at $108.53, with a volume of 15,274 shares.
VanEck Steel ETF Price Performance
The company has a market cap of $174.08 million, a price-to-earnings ratio of 14.09 and a beta of 1.23. The firm has a fifty day simple moving average of $103.99 and a 200 day simple moving average of $100.22.
Institutional Trading of VanEck Steel ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in 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 acquiring an additional 453 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of VanEck Steel ETF during the 4th quarter worth approximately $72,000. Advisors Preferred LLC bought a new stake in shares of VanEck Steel ETF during the fourth quarter valued at approximately $80,000. Fifth Third Bancorp acquired a new position in shares of VanEck Steel ETF in the first quarter valued at $110,000. Finally, Western Wealth Management LLC bought a new position in VanEck Steel ETF in the first quarter worth $142,000.
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.
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