Family Firm Inc. Takes $62,000 Position in VanEck Steel ETF (NYSEARCA:SLX)

Family Firm Inc. acquired a new position in VanEck Steel ETF (NYSEARCA:SLX) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 931 shares of the exchange traded fund’s stock, valued at approximately $62,000.

Other large investors have also modified their holdings of the company. Simplex Trading LLC bought a new stake in VanEck Steel ETF during the 4th quarter valued at $104,000. Hazlett Burt & Watson Inc. acquired a new position in shares of VanEck Steel ETF during the first quarter valued at $248,000. Verdence Capital Advisors LLC raised its stake in shares of VanEck Steel ETF by 14.1% during the first quarter. Verdence Capital Advisors LLC now owns 4,600 shares of the exchange traded fund’s stock valued at $334,000 after purchasing an additional 568 shares in the last quarter. Comerica Bank lifted its holdings in VanEck Steel ETF by 89.4% in the first quarter. Comerica Bank now owns 5,297 shares of the exchange traded fund’s stock worth $385,000 after purchasing an additional 2,500 shares during the period. Finally, Truist Financial Corp grew its position 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 buying an additional 155 shares in the last quarter.

VanEck Steel ETF Trading Up 1.5 %

VanEck Steel ETF stock opened at $66.68 on Friday. VanEck Steel ETF has a 52 week low of $59.71 and a 52 week high of $75.00. The stock has a market cap of $103.35 million, a price-to-earnings ratio of 6.06 and a beta of 1.27. The company’s 50-day moving average price is $66.82 and its two-hundred day moving average price is $69.28.

VanEck Steel ETF Company 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.