VanEck Vectors Steel Index Fund (NYSEARCA:SLX) Shares Cross Above 200 Day Moving Average of $26.82

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Shares of VanEck Vectors Steel Index Fund (NYSEARCA:SLX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.82 and traded as high as $31.27. VanEck Vectors Steel Index Fund shares last traded at $31.15, with a volume of 25,937 shares changing hands.

The stock’s 50-day moving average price is $31.11 and its 200-day moving average price is $26.86.

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of VanEck Vectors Steel Index Fund by 12.3% in the first quarter. Morgan Stanley now owns 112,105 shares of the exchange traded fund’s stock valued at $2,453,000 after acquiring an additional 12,252 shares in the last quarter. Jane Street Group LLC lifted its stake in VanEck Vectors Steel Index Fund by 277.7% during the first quarter. Jane Street Group LLC now owns 41,820 shares of the exchange traded fund’s stock valued at $915,000 after purchasing an additional 30,748 shares during the last quarter. Strategic Wealth Designers acquired a new stake in VanEck Vectors Steel Index Fund during the second quarter valued at approximately $1,028,000. Tower Research Capital LLC TRC lifted its stake in VanEck Vectors Steel Index Fund by 109.4% during the first quarter. Tower Research Capital LLC TRC now owns 27,158 shares of the exchange traded fund’s stock valued at $594,000 after purchasing an additional 14,190 shares during the last quarter. Finally, UBS Group AG lifted its stake in VanEck Vectors Steel Index Fund by 30.1% during the second quarter. UBS Group AG now owns 21,521 shares of the exchange traded fund’s stock valued at $593,000 after purchasing an additional 4,980 shares during the last quarter.

About VanEck Vectors Steel Index Fund (NYSEARCA:SLX)

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.

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