Client First Investment Management LLC Purchases Shares of 11,620 VanEck Steel ETF $SLX

Client First Investment Management LLC purchased a new stake in VanEck Steel ETF (NYSEARCA:SLX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,620 shares of the exchange traded fund’s stock, valued at approximately $986,000. VanEck Steel ETF makes up about 0.5% of Client First Investment Management LLC’s investment portfolio, making the stock its 15th largest holding. Client First Investment Management LLC owned 0.58% of VanEck Steel ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Citizens Financial Group Inc. RI lifted its holdings in shares of VanEck Steel ETF by 1.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 7,175 shares of the exchange traded fund’s stock valued at $609,000 after purchasing an additional 108 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of VanEck Steel ETF by 288.5% during the fourth quarter. Farther Finance Advisors LLC now owns 610 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 453 shares during the period. CoreCap Advisors LLC lifted its stake in shares of VanEck Steel ETF by 286.6% during the fourth quarter. CoreCap Advisors LLC now owns 924 shares of the exchange traded fund’s stock valued at $78,000 after buying an additional 685 shares during the period. Advisors Preferred LLC purchased a new position in shares of VanEck Steel ETF during the fourth quarter valued at approximately $80,000. Finally, Private Trust Co. NA purchased a new position in shares of VanEck Steel ETF during the fourth quarter valued at approximately $190,000.

VanEck Steel ETF Stock Performance

Shares of SLX opened at $110.37 on Thursday. The company has a market capitalization of $169.97 million, a price-to-earnings ratio of 14.09 and a beta of 1.21. The company’s 50 day simple moving average is $99.51 and its 200 day simple moving average is $92.80. VanEck Steel ETF has a 1 year low of $61.37 and a 1 year high of $110.41.

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.