19,628 Shares in VanEck Africa Index ETF $AFK Acquired by Financial & Tax Architects LLC

Financial & Tax Architects LLC bought a new stake in shares of VanEck Africa Index ETF (NYSEARCA:AFK) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 19,628 shares of the company’s stock, valued at approximately $540,000.

Several other institutional investors also recently modified their holdings of the company. Apollon Wealth Management LLC increased its stake in VanEck Africa Index ETF by 56.2% in the first quarter. Apollon Wealth Management LLC now owns 20,057 shares of the company’s stock valued at $516,000 after acquiring an additional 7,215 shares during the period. Citadel Advisors LLC acquired a new position in shares of VanEck Africa Index ETF during the 2nd quarter worth about $305,000. City Center Advisors LLC grew its stake in VanEck Africa Index ETF by 8.6% in the third quarter. City Center Advisors LLC now owns 8,655 shares of the company’s stock valued at $238,000 after acquiring an additional 685 shares during the period. IFP Advisors Inc raised its stake in shares of VanEck Africa Index ETF by 5.9% in 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 during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in VanEck Africa Index ETF in the 2nd quarter valued at $28,000.

VanEck Africa Index ETF Stock Up 1.7%

NYSEARCA:AFK opened at $26.60 on Friday. The stock’s 50 day moving average price is $28.41 and its two-hundred day moving average price is $27.33. VanEck Africa Index ETF has a twelve month low of $23.00 and a twelve month high of $30.85. The firm has a market capitalization of $95.76 million, a price-to-earnings ratio of 11.91 and a beta of 0.74.

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.