5,442 Shares in VanEck Steel ETF $SLX Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC purchased a new position in VanEck Steel ETF (NYSEARCA:SLX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,442 shares of the exchange traded fund’s stock, valued at approximately $500,000. Angeles Wealth Management LLC owned about 0.35% of VanEck Steel ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in VanEck Steel ETF by 288.5% in the fourth quarter. Farther Finance Advisors LLC now owns 610 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 453 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in VanEck Steel ETF during the fourth quarter valued at approximately $72,000. CoreCap Advisors LLC boosted its holdings in VanEck Steel ETF by 286.6% during the fourth quarter. CoreCap Advisors LLC now owns 924 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 685 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of VanEck Steel ETF during the 4th quarter valued at about $80,000. Finally, Fifth Third Bancorp purchased a new stake in shares of VanEck Steel ETF in the first quarter valued at approximately $110,000.

VanEck Steel ETF Stock Down 0.1%

SLX opened at $100.22 on Friday. The company has a market cap of $160.35 million, a price-to-earnings ratio of 14.09 and a beta of 1.24. VanEck Steel ETF has a 52-week low of $66.69 and a 52-week high of $114.00. The firm’s fifty day simple moving average is $104.85 and its two-hundred day simple moving average is $98.51.

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.