VanEck Africa Index ETF (NYSEARCA:AFK – Get Free Report) shares were down 2.2% on Thursday . The company traded as low as $28.92 and last traded at $29.14. Approximately 20,256 shares were traded during trading, a decline of 74% from the average session volume of 79,237 shares. The stock had previously closed at $29.80.
VanEck Africa Index ETF Trading Down 2.2%
The firm has a market capitalization of $107.82 million, a price-to-earnings ratio of 11.91 and a beta of 0.74. The company has a fifty day moving average price of $27.52 and a 200-day moving average price of $27.22.
Institutional Trading of VanEck Africa Index ETF
A number of institutional investors have recently added to or reduced their stakes in AFK. Orion Porfolio Solutions LLC grew its position in VanEck Africa Index ETF by 2.4% in the fourth quarter. Orion Porfolio Solutions LLC now owns 15,027 shares of the company’s stock worth $402,000 after acquiring an additional 353 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of VanEck Africa Index ETF by 5.9% during the 2nd quarter. IFP Advisors Inc now owns 7,781 shares of the company’s stock valued at $200,000 after purchasing an additional 436 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of VanEck Africa Index ETF in the 2nd quarter valued at $28,000. Raymond James Financial Inc. acquired a new stake in shares of VanEck Africa Index ETF in the 2nd quarter valued at $110,000. Finally, LPL Financial LLC lifted its stake in shares of VanEck Africa Index ETF by 52.1% in the 4th quarter. LPL Financial LLC now owns 20,747 shares of the company’s stock valued at $555,000 after purchasing an additional 7,110 shares during the last quarter.
About VanEck Africa Index ETF
The VanEck Africa Index ETF (AFK) is an exchange-traded fund that is based on the MVIS GDP Africa index, a GDP and market-cap-weighted index of companies generating a majority of their revenues in Africa. AFK was launched on Jul 10, 2008 and is managed by VanEck.
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