VanEck Vectors Steel ETF (SLX)
| Assets | $148.36M |
| NAV | $56.41 |
| Expense Ratio | 0.56% |
| PE Ratio | 11.60 |
| Shares Out | 2.63M |
| Dividend (ttm) | $0.83 |
| Dividend Yield | 1.48% |
| Ex-Dividend Date | Dec 21, 2020 |
| 1-Year Return | - |
| Volume | 61,606 |
| Open | 55.97 |
| Previous Close | 55.91 |
| Day's Range | 55.70 - 56.71 |
| 52-Week Low | 30.43 |
| 52-Week High | 68.22 |
| Beta | 1.41 |
| Holdings | 27 |
| Inception Date | Oct 10, 2006 |
About SLX
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.
Top 10 Holdings
72.63% of assets| Name | Symbol | Weight |
|---|---|---|
| Rio Tinto | RIO | 15.01% |
| Vale S.A. | VALE | 12.75% |
| ArcelorMittal | MT | 7.79% |
| Nucor | NUE | 7.09% |
| Tenaris | TS | 5.49% |
| POSCO | PKX | 5.28% |
| Vedanta | VEDL | 5.24% |
| Steel Dynamics | STLD | 4.76% |
| Reliance Steel & Aluminum | RS | 4.72% |
| Cleveland-Cliffs | CLF | 4.50% |
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 | $0.9715 | Dec 30, 2019 |
| Dec 20, 2018 | $2.182 | Dec 27, 2018 |
| Dec 27, 2017 | $0.027 | Jan 3, 2018 |
| Dec 18, 2017 | $1.091 | Dec 22, 2017 |
News
Oil to Stage Prolonged Rally? ETFs to Buy
Oil analysts forecast a sustain rally as OPEC opposed calls to boost supply.
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 lowe...
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 fl...
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.
5 Sector ETFs That Gained Double-Digits Last Week
Here are five of the ETFs from different corners of the market that gained in double-digits last week.
Key Winning ETF Areas Despite Subdued April Manufacturing Data
The ISM Manufacturing PMI for the month of April missed expectations. Still, some areas and their related ETFs should stay strong.
5 Sector ETFs That Crushed the Market in April
April proved to be the solid month for the U.S. stock market with all the three major indices hovering near record highs.
5 ETFs That Skyrocketed During Biden's 100 Days in Office
Biden's first 100 days have delivered the strongest post-election equity returns in at least 75 years.
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 l...
These 3 Trades Show Strong Price Momentum; A Stock Market 'Lie Detector' Test
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.
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 up...
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 Ve...
Steel Prices Keep Breaking Records. ‘SLX' Keeps On Climbing
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).
Rising Steel Prices Could Make This ETF a Real Steal
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...
Top 5 ETF Areas of Last Week
The first week of March was mixed for Wall Street.
U.S. Manufacturing at 3-Year High: ETFs in Focus
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.