VanEck Africa Index ETF (NYSEARCA:AFK – Get Free Report)’s share price fell 1.4% during mid-day trading on Thursday . The company traded as low as $25.27 and last traded at $25.49. Approximately 72,230 shares changed hands during trading, a decline of 10% from the average daily volume of 80,556 shares. The stock had previously closed at $25.86.
VanEck Africa Index ETF Price Performance
The firm has a market cap of $97.51 million, a P/E ratio of 11.91 and a beta of 0.73. The company’s 50-day simple moving average is $26.41 and its 200 day simple moving average is $27.26.
Institutional Investors Weigh In On VanEck Africa Index ETF
Several large investors have recently added to or reduced their stakes in AFK. Orion Porfolio Solutions LLC raised its position in VanEck Africa Index ETF by 2.4% during the fourth quarter. Orion Porfolio Solutions LLC now owns 15,027 shares of the company’s stock valued at $402,000 after purchasing an additional 353 shares during the period. Wealthfront Advisers LLC lifted its position in VanEck Africa Index ETF by 11.6% in the fourth quarter. Wealthfront Advisers LLC now owns 10,404 shares of the company’s stock worth $278,000 after buying an additional 1,083 shares during the last quarter. IFP Advisors Inc purchased a new position in VanEck Africa Index ETF during the third quarter worth $34,000. Pekin Hardy Strauss Inc. increased its position in VanEck Africa Index ETF by 16.0% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 14,825 shares of the company’s stock valued at $397,000 after acquiring an additional 2,050 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of VanEck Africa Index ETF in the second quarter valued at $110,000.
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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