VanEck Steel ETF $SLX Stock Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI cut its stake in shares of VanEck Steel ETF (NYSEARCA:SLX) by 76.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,713 shares of the exchange traded fund’s stock after selling 21,280 shares during the period. Citizens Financial Group Inc. RI’s holdings in VanEck Steel ETF were worth $686,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of VanEck Steel ETF by 12.5% in the 1st quarter. Bank of America Corp DE now owns 28,573 shares of the exchange traded fund’s stock valued at $2,623,000 after acquiring an additional 3,171 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of VanEck Steel ETF by 41.9% during the 2nd quarter. NewEdge Advisors LLC now owns 21,766 shares of the exchange traded fund’s stock valued at $2,142,000 after acquiring an additional 6,426 shares in the last quarter. Schuylkill Financial LLC grew its position in VanEck Steel ETF by 3.5% during the 3rd quarter. Schuylkill Financial LLC now owns 9,138 shares of the exchange traded fund’s stock worth $934,000 after acquiring an additional 311 shares during the last quarter. Angeles Wealth Management LLC bought a new stake in VanEck Steel ETF during the 1st quarter worth $500,000. Finally, JBGlobal.com LLC bought a new stake in VanEck Steel ETF during the 2nd quarter worth $318,000.

VanEck Steel ETF Stock Down 0.1%

Shares of SLX opened at $101.30 on Friday. VanEck Steel ETF has a 12-month low of $75.35 and a 12-month high of $114.00. The business has a 50-day simple moving average of $105.27 and a two-hundred day simple moving average of $101.65. The stock has a market cap of $152.96 million, a PE ratio of 14.09 and a beta of 1.22.

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.