SBI Securities Co. Ltd. Makes New Investment in VanEck Steel ETF (NYSEARCA:SLX)

SBI Securities Co. Ltd. bought a new stake in VanEck Steel ETF (NYSEARCA:SLX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 460 shares of the exchange traded fund’s stock, valued at approximately $27,000.

Several other hedge funds have also recently bought and sold shares of SLX. Stephens Inc. AR bought a new position in VanEck Steel ETF in the fourth quarter valued at about $310,000. Kingsview Wealth Management LLC bought a new position in VanEck Steel ETF in the fourth quarter valued at approximately $275,000. Jane Street Group LLC bought a new position in VanEck Steel ETF in the third quarter valued at approximately $295,000. Finally, Van ECK Associates Corp boosted its stake in shares of VanEck Steel ETF by 37.5% during the 4th quarter. Van ECK Associates Corp now owns 28,928 shares of the exchange traded fund’s stock worth $1,691,000 after acquiring an additional 7,885 shares during the period.

VanEck Steel ETF Price Performance

SLX opened at $61.43 on Friday. The business has a fifty day simple moving average of $61.38 and a 200 day simple moving average of $65.03. The company has a market capitalization of $75.56 million, a PE ratio of 11.64 and a beta of 1.39. VanEck Steel ETF has a 1 year low of $57.31 and a 1 year high of $74.33.

VanEck Steel ETF 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.