VanEck Steel ETF (SLX)
| Assets | $131.17M |
| Expense Ratio | 0.56% |
| PE Ratio | 6.10 |
| Shares Out | n/a |
| Dividend (ttm) | $2.88 |
| Dividend Yield | 4.15% |
| Ex-Dividend Date | Dec 19, 2022 |
| Payout Ratio | 25.34% |
| 1-Year Return | +11.71% |
| Volume | 19,965 |
| Open | 70.13 |
| Previous Close | 70.34 |
| Day's Range | 69.02 - 70.13 |
| 52-Week Low | 55.19 |
| 52-Week High | 71.50 |
| Beta | n/a |
| Holdings | 27 |
| 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
69.36% of assets| Name | Symbol | Weight |
|---|---|---|
| Rio Tinto Group | RIO | 13.39% |
| Vale S.A. | VALE | 12.58% |
| Nucor Corporation | NUE | 7.64% |
| POSCO Holdings Inc. | PKX | 5.70% |
| Cleveland-Cliffs Inc. | CLF | 5.57% |
| Steel Dynamics, Inc. | STLD | 5.18% |
| United States Steel Corporation | X | 5.03% |
| Tenaris S.A. | TS | 5.03% |
| ArcelorMittal S.A. | MT | 4.76% |
| Reliance Steel & Aluminum Co. | RS | 4.49% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2022 | $2.8767 | Dec 23, 2022 |
| Dec 20, 2021 | $3.7609 | Dec 27, 2021 |
| Dec 21, 2020 | $0.8333 | Dec 28, 2020 |
| Dec 30, 2019 | $0.0723 | Jan 6, 2020 |
| Dec 23, 2019 | $0.9715 | Dec 30, 2019 |
| Dec 20, 2018 | $2.182 | Dec 27, 2018 |
News
Natural Resources and Commodities: Invest Resourcefully
The rationale for investing in natural resource equities and commodities has stayed consistent: to enhance portfolio diversification, access global growth and hedge against inflation. The sharp econom...
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.
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.
Steel Stocks Could Be Sturdy Ideas
Steel equities aren't considered a glamorous asset class. If anything, the group is a reminder of America's once-dominant perch on the global industrial stage.
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.
Steel ETF Surged as Market Tumbled
VanEck's SLX quietly outpaced most equity fund peers last year. Can it happen again?
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 ETFs Have Been Outperforming
Steel sector-related exchange traded funds are strengthening as the Russia-Ukraine war contributes to a shortage in pig iron used by U.S. steel companies. Over the past three months, the VanEck Vector...
Steel ETFs Strengthen on Positive Outlook for Nucor, Cleveland-Cliffs
Steel sector-related exchange traded funds strengthened on Wednesday as analysts maintained an optimistic outlook on steelmakers like Nucor Corporation (NYSE: NUE) and Cleveland-Cliffs Inc. (NYSE: CLF...
Steel ETF Sell-Off May Be Overdone
On news that China is curbing steel output for the remainder of the year, iron ore prices tumbled last week, taking the VanEck Vectors Steel ETF (SLX) along for the ride. Over the past week, SLX is lo...
Rare Opportunity Afoot with Steel Stocks, ‘SLX'
Supported by resurgent cyclical stocks, the VanEck Vectors Steel ETF (SLX) is higher by more than 38% year-to-date. That's impressive work in less than six month's time, but it could prove to be more ...
Are Chinese Steel Prices a Prelude to Commodities Inflation?
Strong demand for steel is driving prices higher in China, which bodes well for the VanEck Vectors Steel ETF (SLX). Higher steel prices is also a harbinger for inflation.
As Chinese Steel Futures Rise, Consider the ‘SLX' ETF
China's demand for steel continues to rise, with steel futures hitting 10-year highs. The VanEck Vectors Steel ETF (SLX) is up 32% year-to-date.
Iron Ore Hits a 10-Year High and This Steel ETF Keeps Rising
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...
3 VanEck ETFs That Are Beating The Market
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...
As China's Steel Hits Record Prices, Turn to ‘SLX'
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 ...
Steel ETFs Rally on Nucor's Plans to Expand Capacity
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 ...