WT Wealth Management Invests $722,000 in VanEck Steel ETF $SLX

WT Wealth Management bought a new stake in VanEck Steel ETF (NYSEARCA:SLX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,920 shares of the exchange traded fund’s stock, valued at approximately $722,000. WT Wealth Management owned approximately 0.84% of VanEck Steel ETF as of its most recent filing with the SEC.

Separately, Private Wealth Asset Management LLC bought a new stake in VanEck Steel ETF in the second quarter valued at about $26,000.

VanEck Steel ETF Stock Down 0.7%

Shares of NYSEARCA SLX opened at $85.16 on Monday. The stock has a market capitalization of $132.00 million, a P/E ratio of 14.09 and a beta of 1.33. The stock’s 50 day moving average price is $78.40 and its two-hundred day moving average price is $72.42. VanEck Steel ETF has a 52-week low of $51.69 and a 52-week high of $86.33.

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.