Schuylkill Financial LLC Purchases New Shares in VanEck Steel ETF $SLX

Schuylkill Financial LLC acquired a new stake in VanEck Steel ETF (NYSEARCA:SLX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,827 shares of the exchange traded fund’s stock, valued at approximately $869,000. Schuylkill Financial LLC owned about 0.55% of VanEck Steel ETF as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of SLX. LPL Financial LLC increased its stake in shares of VanEck Steel ETF by 248.9% in the fourth quarter. LPL Financial LLC now owns 122,968 shares of the exchange traded fund’s stock valued at $10,435,000 after buying an additional 87,726 shares in the last quarter. UBS Group AG raised its holdings in shares of VanEck Steel ETF by 241.1% in the third quarter. UBS Group AG now owns 59,094 shares of the exchange traded fund’s stock valued at $4,283,000 after buying an additional 41,768 shares during the last quarter. Cetera Investment Advisers lifted its position in VanEck Steel ETF by 747.3% during the 4th quarter. Cetera Investment Advisers now owns 41,636 shares of the exchange traded fund’s stock worth $3,533,000 after buying an additional 36,722 shares in the last quarter. Jane Street Group LLC acquired a new position in VanEck Steel ETF during the 4th quarter worth about $2,254,000. Finally, Clark Capital Management Group Inc. bought a new stake in VanEck Steel ETF during the 4th quarter worth about $1,437,000.

VanEck Steel ETF Trading Up 0.1%

SLX opened at $110.99 on Friday. The stock has a market capitalization of $177.58 million, a PE ratio of 14.09 and a beta of 1.24. VanEck Steel ETF has a 1-year low of $70.17 and a 1-year high of $114.00. The firm has a 50-day moving average price of $104.61 and a two-hundred day moving average price of $102.00.

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. 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.