IHT Wealth Management LLC Trims Stock Position in VanEck Steel ETF (NYSEARCA:SLX)

IHT Wealth Management LLC decreased its position in shares of VanEck Steel ETF (NYSEARCA:SLX) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,767 shares of the exchange traded fund’s stock after selling 212 shares during the quarter. IHT Wealth Management LLC’s holdings in VanEck Steel ETF were worth $406,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates acquired a new stake in shares of VanEck Steel ETF in the 3rd quarter valued at about $12,299,000. Comerica Bank lifted its stake 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 valued at $385,000 after buying an additional 2,500 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of VanEck Steel ETF in the second quarter valued at approximately $62,000. Rothschild Investment LLC purchased a new position in shares of VanEck Steel ETF during the second quarter worth approximately $147,000. Finally, Fortune Financial Advisors LLC increased its holdings in shares of VanEck Steel ETF by 49.5% in the 2nd quarter. Fortune Financial Advisors LLC now owns 11,511 shares of the exchange traded fund’s stock valued at $767,000 after acquiring an additional 3,810 shares during the period.

VanEck Steel ETF Price Performance

SLX stock opened at $68.51 on Monday. VanEck Steel ETF has a 12 month low of $60.80 and a 12 month high of $75.00. The company has a market cap of $106.19 million, a price-to-earnings ratio of 6.06 and a beta of 1.27. The company has a fifty day moving average price of $69.47 and a 200 day moving average price of $67.85.

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.