SLX - VanEck Vectors Steel ETF
| Assets | $175.07M |
| NAV | $57.78 |
| Expense Ratio | 0.56% |
| PE Ratio | 20.72 |
| Beta (5Y) | 1.44 |
| Dividend (ttm) | $0.83 |
| Dividend Yield | 1.44% |
| Ex-Dividend Date | Dec 21, 2020 |
| 1-Year Return | - |
| Trading Day | April 22 |
| Last Price | $57.32 |
| Previous Close | $57.78 |
| Change ($) | -0.46 |
| Change (%) | -0.80% |
| Day's Open | 57.88 |
| Day's Range | 56.74 - 58.03 |
| Day's Volume | 137,903 |
| 52-Week Range | 20.70 - 58.64 |
Fund Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE® Arca Steel Index". The fund normally invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Such companies may include small- and medium-capitalization companies and foreign and emerging market issuers. It may concentrate its investments in a particular industry or group of industries to the extent that the Steel Index concentrates in an industry or group of industries. The fund is non-diversified.
| Asset Class Equity | Sector Materials |
| Region Global | Inception Date Oct 10, 2006 |
| Exchange NYSEARCA | Ticker Symbol SLX |
| Index Tracked NYSE Arca Steel Index | |
Top 10 Holdings
74.54% of assets| Name | Symbol | Weight |
|---|---|---|
| Vale S.A. | VALE | 15.87% |
| Rio Tinto | RIO | 15.63% |
| ArcelorMittal | MT | 7.44% |
| POSCO | PKX | 6.88% |
| Nucor | NUE | 5.93% |
| Companhia Siderurgica Nacional | SID | 5.36% |
| Steel Dynamics | STLD | 4.46% |
| Ternium | TX | 4.45% |
| Reliance Steel & Aluminum | RS | 4.32% |
| Cleveland-Cliffs | CLF | 4.19% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 21, 2020 | $0.8333 | Dec 28, 2020 |
| Dec 30, 2019 | $0.0723 | Jan 6, 2020 |
| Dec 23, 2019 | $1.226 | Dec 30, 2019 |
| Dec 20, 2018 | $2.182 | Dec 27, 2018 |
| Dec 27, 2017 | $0.015 | Jan 3, 2018 |
| Dec 18, 2017 | $1.091 | Dec 22, 2017 |
Iron ore keep on climbing, feeding into more strength for the VanEck Vectors Steel ETF (SLX), which is up 30% on the year. Furthermore, it's a trend that should persist throughout the rest of the year, ...
The S&P 500 Index is made up of various sectors and industries. And even though the 56% return of the index over the past year is considerable, some of these sectors and industries have beat this by a l...
Asbury Research's John Kosar discusses how to give the stock market a “lie detector test.” We also look at Loews, VanEck Vectors Steel ETF and Nasdaq stock.
Precious metals might be pulling back to start the first quarter of 2021, but industrial metals are thriving. One ETF heading from strength to strength is the VanEck Vectors Steel ETF (SLX), which is up...
Steel and miners-related exchange traded funds led the charge on Friday after Nucor Corporation (NYSE: NUE) hit a 52-week high and announced intentions to expand its operations. On Friday, the VanEck Ve...
The NYSE Arca Steel Index is up 18% in 2021 and almost 190% the past year. The upward swing is strengthening the VanEck Vectors Steel ETF (SLX).
Steel prices continue to soar, causing some market pundits to forecast a nine-year high for the commodity, which could make the VanEck Vectors Steel ETF (SLX) a real value-oriented steal. “The past twel...
The first week of March was mixed for Wall Street.
The Institute for Supply Management's (ISM) index of national factory activity rose to a reading of 60.8 in February (which had been the highest since February 2018) from 58.7 in January.
India and China could help stimulate steel prices with higher demand and keep the VanEck Vectors Steel ETF (SLX) trending upwards. “Positive cues from China – which accounts for 56.5 per cent of global ...
ETF investors looking for a commodity play with some momentum in the new year can give steel a closer look. In particular, adding some alternative assets to shore up a portfolio with momentum still can ...
Steel stocks are surging on economic recovery hopes, but the group is too hot to chase here, says Blue Line Capital's Bill Baruch.
The Chinese economy is having a significant impact on the performance and profitability of steel and mining stocks.
Final Trades: BABA, SLX, & PENN
Google may face antitrust action from the DOJ and state attorneys general.
Steel ETF Gets Bent Out of Shape by Coronavirus
The ETF industry has something for everyone -- the VanEck Vectors Steel ETF (ticker: SLX ) tracks the overall performance of companies involved in the global steel sector.
Here we discuss an ETF that can gain in the wake of President Trump's recent announcement of expanding tariffs on steel and aluminum derivative imports.
The VanEck Vectors Steel ETF (NYSEArca: SLX) was trading higher early Monday after President Trump took to Twitter to announce that he’s renewing tariffs on imported steel from Argentina and Brazil.
U.S. Commerce Department imposes tariffs on structural steel from China and Mexico. We discuss the impact of the move on some ETFs.
Unfortunately for investors considering international equities and exchange traded funds (ETFs), the White House is not limiting its tariff efforts to China.
The U.S. steel industry was poised to recover in April. The world was still awash in steel producing capacity, but the overall business climate was setting up to support steel stocks.