Hedge Fund Bullishness on Metal Stocks Hits 3-Year High

3. Reliance Steel & Aluminum Co (NYSE:RS)

During the second quarter, the number of investors from our database long Reliance Steel & Aluminum Co (NYSE:RS) inched up by two to 25. Since the end of 2015, this figure jumped by nine. Reliance Steel & Aluminum Co (NYSE:RS)’s stock went up by 32% and the company raised its dividend earlier this year to $0.45 from $0.43, giving its stock a yield of 2.36%. The largest shareholder of Reliance Steel & Aluminum Co (NYSE:RS) among the investors tracked by us is Chuck Royce’s Royce & Associates, which disclosed holding 1.04 million shares in its last 13F.

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Pixabay/Public Domain

Pixabay/Public Domain