Citizens Financial Group Inc. RI Boosts Stock Holdings in VanEck Steel ETF (NYSEARCA:SLX)

Citizens Financial Group Inc. RI grew its stake in shares of VanEck Steel ETF (NYSEARCA:SLX) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,067 shares of the exchange traded fund’s stock after buying an additional 242 shares during the period. Citizens Financial Group Inc. RI’s holdings in VanEck Steel ETF were worth $413,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SLX. Raymond James Financial Inc. purchased a new stake in VanEck Steel ETF during the fourth quarter valued at about $8,425,000. SBI Securities Co. Ltd. acquired a new position in shares of VanEck Steel ETF in the 4th quarter valued at about $27,000. Van ECK Associates Corp grew its holdings in shares of VanEck Steel ETF by 37.5% during the 4th quarter. Van ECK Associates Corp now owns 28,928 shares of the exchange traded fund’s stock worth $1,691,000 after purchasing an additional 7,885 shares during the period. Stephens Inc. AR acquired a new stake in VanEck Steel ETF during the 4th quarter worth approximately $310,000. Finally, Kingsview Wealth Management LLC purchased a new position in VanEck Steel ETF in the fourth quarter valued at approximately $275,000.

VanEck Steel ETF Stock Up 0.4 %

Shares of SLX stock opened at $61.43 on Friday. VanEck Steel ETF has a fifty-two week low of $57.31 and a fifty-two week high of $74.33. The firm’s 50 day moving average price is $61.38 and its two-hundred day moving average price is $65.03. The stock has a market cap of $75.56 million, a price-to-earnings ratio of 11.64 and a beta of 1.39.

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.