ETF Report: Market Vectors Steel (ETF) Increases by 107.79% Following Positive Flows

ETF Report: Market Vectors Steel (ETF) Increases by 107.79% Following Positive Flows

This year Market Vectors Steel (ETF) (NYSEARCA:SLX) is a top performer after raising 107.79%. The weekly performance stands at 9.10%. The ETF reached $171.83M assets under management. The chart of Market Vectors Steel (ETF) shows positive long-term setup. The ETF increased 0.05% or $0.02 on November 25, hitting $40.54. Market Vectors Steel (ETF) (NYSEARCA:SLX) has risen 43.91% since April 25, 2016 and is uptrending. It has outperformed by 37.90% the S&P500.

The ETF’s YTD performance is 70.46%, the 1 year is 46.94% and the 3 year is -8.18%.

The ETF’s average P/E ratio is 15.22, the price to book is 1.16, the price to sales is 0.54 and the price to cashflow is 2.46. Market Vectors Steel (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: RIO TINTO PLC ORD 10P for 13.44% of assets, Vale SA ADR for 12.71%, Arcelor Mittal NY Registry Shar for 7.16%, POSCO ADR for 6.33%, Tenaris S.A. American Depositar for 5.86%, VEDANTA LIMITED for 5.38%, Nucor Corporation Common Stock for 5.35%, Gerdau SA ADR for 5.01%, Ternium S.A. Ternium S.A. Ameri for 4.96%, Companhia Siderurgica Nacional ADR for 4.78%. The ETF sector weights are: Basic Materials 96.19%, Industrials 3.81%. The ETF currently as 0% yield.

More notable recent Market Vectors Steel (ETF) (NYSEARCA:SLX) news were published by: Etfdailynews.com which released: “Here’s Why Steel Could Be A Big Winner In The Trump Presidency” on November 14, 2016, also Etfdailynews.com with their article: “Citigroup Just Got Bullish on the Red-Hot Steel Sector” published on August 23, 2016, Benzinga.com published: “China, U.S. Hot Rolled Coil Steel Spread Explodes; Cowen Forecasts Short Life …” on May 17, 2016. More interesting news about Market Vectors Steel (ETF) (NYSEARCA:SLX) were released by: Seekingalpha.com and their article: “Profit From A Steel Rebound With This ETF (SLX)” published on March 23, 2015 as well as Benzinga.com‘s news article titled: “A Reason Not To Trust The Coal ETF’s Rally” with publication date: March 10, 2016.

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