Financial Advocates Investment Management trimmed its holdings in shares of VanEck Steel ETF (NYSEARCA:SLX – Get Rating) by 25.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,575 shares of the exchange traded fund’s stock after selling 4,735 shares during the period. Financial Advocates Investment Management’s holdings in VanEck Steel ETF were worth $672,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. National Bank of Canada FI boosted its stake in shares of VanEck Steel ETF by 209.5% during the 1st quarter. National Bank of Canada FI now owns 650 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 440 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of VanEck Steel ETF during the 1st quarter worth about $69,000. SeaCrest Wealth Management LLC acquired a new position in shares of VanEck Steel ETF during the 2nd quarter worth about $78,000. Millburn Ridgefield Corp boosted its stake in shares of VanEck Steel ETF by 10.1% during the 2nd quarter. Millburn Ridgefield Corp now owns 2,560 shares of the exchange traded fund’s stock worth $127,000 after buying an additional 234 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of VanEck Steel ETF by 142.8% in the 1st quarter. Catalyst Capital Advisors LLC now owns 2,326 shares of the exchange traded fund’s stock valued at $158,000 after purchasing an additional 1,368 shares during the period.
VanEck Steel ETF Stock Down 0.1 %
Shares of SLX stock opened at $60.50 on Thursday. The firm’s 50-day moving average is $53.26 and its 200-day moving average is $54.06. VanEck Steel ETF has a 52-week low of $46.17 and a 52-week high of $70.43.
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.
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