UBS Group AG Has $4.57 Million Stock Position in VanEck Steel ETF $SLX

UBS Group AG lowered its holdings in VanEck Steel ETF (NYSEARCA:SLX) by 8.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,877 shares of the exchange traded fund’s stock after selling 5,217 shares during the quarter. UBS Group AG owned 2.75% of VanEck Steel ETF worth $4,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in VanEck Steel ETF by 288.5% in the 4th quarter. Farther Finance Advisors LLC now owns 610 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 453 shares during the last quarter. CoreCap Advisors LLC grew its holdings in VanEck Steel ETF by 286.6% in the 4th quarter. CoreCap Advisors LLC now owns 924 shares of the exchange traded fund’s stock valued at $78,000 after buying an additional 685 shares during the last quarter. Private Trust Co. NA acquired a new stake in VanEck Steel ETF in the 4th quarter valued at approximately $190,000. JBGlobal.com LLC acquired a new stake in VanEck Steel ETF in the 4th quarter valued at approximately $289,000. Finally, Park Avenue Securities LLC acquired a new stake in VanEck Steel ETF in the 4th quarter valued at approximately $340,000.

VanEck Steel ETF Stock Up 0.6%

SLX opened at $106.67 on Friday. The stock’s 50 day moving average price is $98.33 and its two-hundred day moving average price is $92.04. VanEck Steel ETF has a 12-month low of $61.37 and a 12-month high of $110.03. The firm has a market capitalization of $164.27 million, a P/E ratio of 14.09 and a beta of 1.21.

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. 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.