VanEck Steel ETF (SLX)
| Assets | $88.29M |
| Expense Ratio | 0.56% |
| PE Ratio | 6.16 |
| Shares Out | 1.75M |
| Dividend (ttm) | $2.07 |
| Dividend Yield | 2.96% |
| Ex-Dividend Date | Dec 18, 2023 |
| Payout Ratio | 18.10% |
| 1-Year Return | +3.05% |
| Volume | 4,824 |
| Open | 69.79 |
| Previous Close | 69.45 |
| Day's Range | 69.70 - 69.95 |
| 52-Week Low | 60.80 |
| 52-Week High | 75.00 |
| Beta | 1.37 |
| Holdings | 28 |
| Inception Date | Oct 10, 2006 |
About SLX
Fund Home PageThe VanEck Steel ETF (SLX) is an exchange-traded fund that is based on the NYSE Arca Steel index, a market-cap-weighted index of global steel firms. SLX was launched on Oct 10, 2006 and is issued by VanEck.
Top 10 Holdings
60.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Rio Tinto Group | RIO | 9.65% |
| Vale S.A. | VALE | 7.54% |
| Tenaris S.A. | TS | 5.85% |
| Steel Dynamics, Inc. | STLD | 5.70% |
| Nucor Corporation | NUE | 5.69% |
| Carpenter Technology Corporation | CRS | 5.40% |
| Warrior Met Coal, Inc. | HCC | 5.38% |
| Reliance, Inc. | RS | 5.13% |
| ArcelorMittal S.A. | MT | 5.09% |
| Commercial Metals Company | CMC | 4.84% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2023 | $2.067 | Dec 22, 2023 |
| Dec 19, 2022 | $2.877 | Dec 23, 2022 |
| Dec 20, 2021 | $3.761 | Dec 27, 2021 |
| Dec 21, 2020 | $0.833 | Dec 28, 2020 |
| Dec 30, 2019 | $0.072 | Jan 6, 2020 |
| Dec 23, 2019 | $0.972 | Dec 30, 2019 |
News
Wheels Up founder Kenny Dichter on his new venture, Real SLX
Kenny Dichter, Real SLX founder and chairman, joins 'Squawk Box' to discuss what Dichter is trying to do with Real SLX, what the club is, and much more.
SLX: Thou Shalt Not Steel - For The Moment, At Least
SLX has been moving sideways over the past year, albeit with significant price swings in either direction. With supply still reasonably strong and demand softness persisting, steel futures appear to b...
VanEck CEO on the reflation trade and how investors can navigate this uncertain environment
Jan Van Eck, VanEck Associates CEO, joins CNBC's Bob Pisani on 'ETF Edge' to discuss the reflation trade, how investors can position during this uncertain time, and assess VanEck's latest ETF products...
SLX: A China-Sensitive Play That's Been Rocketing Lately
VanEck Steel ETF is performing well and offers exposure to the global steel industry. China's influence on the steel market makes investing in steel mining stocks potentially lucrative. SLX has a conc...
3 Charts For Investors to Watch Tuesday: Enphase Energy, VF Corp., SLX ETF
Here's our daily look at three charts tied to recent news-driven price moves, with key technical levels to monitor.
SLX: Why I Am Not A Buyer
The VanEck Steel ETF is the closest thing to a pure-play steel ETF currently available. SLX carries a relatively high management fee for a passive fund. SLX holds a concentrated group of just 26 stock...
SLX: A Bullish Trend Since Early May
Steel is a critical building block for construction projects and various products, making it an important indicator of the global economy. U.S. and Chinese steel prices have declined, with Chinese pri...
How To Find The Best Sector ETFs 3Q23
With an ever-growing list of similar-sounding ETFs to choose from, finding the best is an increasingly difficult task.
SLX: Steel Stocks Surge Since Early June, Eyeing Further Upside
Cyclical stocks, including those in the energy, financials, industrials, and materials sectors, are gaining strength, with the VanEck Steel ETF ranking first out of 37 in its sub class by Seeking Alph...
Under The Radar Strength In Commodity And Emerging Market Stocks (Technical Analysis)
Emerging markets and commodities are showing strength amid a weak USD, which has a historical negative correlation with these sectors. Risk-on currencies like the Australian Dollar and Canadian Dollar...
Mycronic receives order for an SLX mask writer
STOCKHOLM , June 1, 2023 /PRNewswire/ -- Mycronic AB (publ) has received an order for an SLX mask writer from an existing customer in Asia. The order value is in the range of USD 4-6 million.
How To Find The Best Sector ETFs 2Q23
With an ever-growing list of similar-sounding ETFs to choose from, finding the best is an increasingly difficult task. My report shows the top-rated ETF for each sector.
SLX: Global Growth Enough To Support Steel Stocks
The March U.S. ISM Manufacturing number did no favors for the 'no recession' camp. Still, economically-sensitive stocks are holding their own, and I see many global steel equities in the SLX ETF as at...
How To Find The Best Sector ETFs 1Q23
With an ever-growing list of similar-sounding ETFs to choose from, finding the best is an increasingly difficult task. My report shows the top-rated ETF for each sector.
Mycronic receives order for two SLX mask writers
STOCKHOLM , Feb. 8, 2023 /PRNewswire/ -- Mycronic AB (publ) has received an order for two SLX mask writers from a new customer in Asia. The order value is in the range of USD 9-11 million.
SLX: Steel Tailwinds Galore
Drawing upon my previous analysis of China, India, US infrastructure, and the Russia- Ukraine war, I now form a bullish view of the SLX steel ETF. Supply tailwinds for the global steel industry includ...
Steel ETF Surged as Market Tumbled
VanEck's SLX quietly outpaced most equity fund peers last year. Can it happen again?
SLX: Good Value In High Yield Steel Stocks Ready To Rally
SLX invests across a portfolio of steel producers and iron-ore miners. The fund has outperformed the broader market this year, despite more recent volatility and commodity pricing pressures.
Mycronic receives order for three SLX mask writers
STOCKHOLM , Sept. 9, 2022 /PRNewswire/ -- Mycronic AB (publ) has received an order for three SLX mask writers from an existing customer in Asia.
Steel, Commodity Price Trends Support SLX
The VanEck Steel ETF offers investors exposure to the steel sector and an above-market dividend.
Steel Yourself For Inflation With VanEck Steel ETF
Commodity-related stocks have done a good job of hedging inflation.
Q4 2021 Sector Ratings For ETFs And Mutual Funds
Our sector ratings are based on the normalized aggregation of our stock ratings for every stock in each sector.