Tucker Asset Management LLC Lowers Stake in VanEck Steel ETF (NYSEARCA:SLX)

Tucker Asset Management LLC reduced its position in shares of VanEck Steel ETF (NYSEARCA:SLX) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 517 shares of the exchange traded fund’s stock after selling 156 shares during the quarter. Tucker Asset Management LLC’s holdings in VanEck Steel ETF were worth $38,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp lifted its stake in VanEck Steel ETF by 19.6% in the 4th quarter. Van ECK Associates Corp now owns 51,510 shares of the exchange traded fund’s stock valued at $3,799,000 after buying an additional 8,428 shares in the last quarter. UBS Group AG raised its holdings in VanEck Steel ETF by 7.4% in the 4th quarter. UBS Group AG now owns 196,391 shares of the exchange traded fund’s stock valued at $14,485,000 after acquiring an additional 13,471 shares during the last quarter. Truist Financial Corp raised its holdings in VanEck Steel ETF by 3.0% in the 4th quarter. Truist Financial Corp now owns 5,315 shares of the exchange traded fund’s stock valued at $392,000 after acquiring an additional 155 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in VanEck Steel ETF by 1.8% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 88,996 shares of the exchange traded fund’s stock valued at $5,835,000 after acquiring an additional 1,561 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new stake in VanEck Steel ETF in the 4th quarter valued at about $37,000.

VanEck Steel ETF Trading Down 1.7 %

SLX stock traded down $1.15 during mid-day trading on Friday, reaching $65.16. The company’s stock had a trading volume of 9,911 shares, compared to its average volume of 16,005. The stock has a market cap of $101.00 million, a PE ratio of 6.06 and a beta of 1.27. VanEck Steel ETF has a fifty-two week low of $59.71 and a fifty-two week high of $75.00. The company’s 50 day moving average is $70.52 and its two-hundred day moving average is $70.67.

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.