Stephens Inc. AR Makes New $310,000 Investment in VanEck Steel ETF (NYSEARCA:SLX)

Stephens Inc. AR purchased a new stake in shares of VanEck Steel ETF (NYSEARCA:SLX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 5,300 shares of the exchange traded fund’s stock, valued at approximately $310,000. Stephens Inc. AR owned approximately 0.34% of VanEck Steel ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SLX. Raymond James & Associates purchased a new stake in VanEck Steel ETF in the third quarter valued at approximately $12,299,000. Jane Street Group LLC bought a new position in shares of VanEck Steel ETF during the 3rd quarter valued at about $295,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of VanEck Steel ETF during the 4th quarter valued at about $275,000.

VanEck Steel ETF Stock Performance

SLX stock opened at $63.32 on Friday. The company has a market capitalization of $98.15 million, a PE ratio of 6.06 and a beta of 1.27. VanEck Steel ETF has a one year low of $57.31 and a one year high of $74.33. The company’s 50 day moving average price is $61.23 and its two-hundred day moving average price is $65.44.

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.