NewEdge Advisors LLC Buys New Holdings in VanEck Steel ETF $SLX

NewEdge Advisors LLC bought a new stake in VanEck Steel ETF (NYSEARCA:SLX) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,340 shares of the exchange traded fund’s stock, valued at approximately $1,408,000. NewEdge Advisors LLC owned about 1.00% of VanEck Steel ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC acquired a new stake in VanEck Steel ETF during the 4th quarter valued at approximately $1,217,000. Angeles Wealth Management LLC purchased a new stake in shares of VanEck Steel ETF in the 1st quarter valued at $500,000. Mutual Advisors LLC acquired a new stake in shares of VanEck Steel ETF in the fourth quarter worth $595,000. Client First Investment Management LLC acquired a new stake in shares of VanEck Steel ETF in the fourth quarter worth $986,000. Finally, Jane Street Group LLC purchased a new position in shares of VanEck Steel ETF during the fourth quarter worth $2,254,000.

VanEck Steel ETF Price Performance

NYSEARCA SLX opened at $107.96 on Monday. The company has a market capitalization of $172.74 million, a PE ratio of 14.09 and a beta of 1.23. The company has a fifty day moving average of $103.77 and a 200 day moving average of $100.90. VanEck Steel ETF has a 1 year low of $68.20 and a 1 year high of $114.00.

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.