Hazlett Burt & Watson Inc. Has $40,000 Holdings in VanEck Steel ETF (NYSEARCA:SLX)

Hazlett Burt & Watson Inc. cut its position in shares of VanEck Steel ETF (NYSEARCA:SLX) by 68.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 689 shares of the exchange traded fund’s stock after selling 1,486 shares during the period. Hazlett Burt & Watson Inc.’s holdings in VanEck Steel ETF were worth $40,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in VanEck Steel ETF during the fourth quarter valued at approximately $8,425,000. Van ECK Associates Corp raised its holdings in shares of VanEck Steel ETF by 37.5% during the 4th quarter. Van ECK Associates Corp now owns 28,928 shares of the exchange traded fund’s stock valued at $1,691,000 after purchasing an additional 7,885 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of VanEck Steel ETF by 3.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 7,067 shares of the exchange traded fund’s stock valued at $413,000 after purchasing an additional 242 shares during the last quarter. Stephens Inc. AR bought a new stake in VanEck Steel ETF in the fourth quarter worth $310,000. Finally, Kingsview Wealth Management LLC acquired a new position in VanEck Steel ETF during the fourth quarter worth $275,000.

VanEck Steel ETF Price Performance

Shares of NYSEARCA:SLX opened at $61.50 on Tuesday. The stock has a market capitalization of $75.65 million, a P/E ratio of 12.31 and a beta of 1.25. The business has a 50-day moving average of $62.45 and a two-hundred day moving average of $64.97. VanEck Steel ETF has a fifty-two week low of $57.31 and a fifty-two week high of $74.33.

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.