Texas Yale Capital Corp. Acquires Shares of 37,450 VanEck Africa Index ETF $AFK

Texas Yale Capital Corp. purchased a new stake in shares of VanEck Africa Index ETF (NYSEARCA:AFK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 37,450 shares of the company’s stock, valued at approximately $1,002,000.

A number of other institutional investors have also recently made changes to their positions in AFK. IFP Advisors Inc purchased a new position in shares of VanEck Africa Index ETF during the 3rd quarter valued at $34,000. Raymond James Financial Inc. purchased a new position in shares of VanEck Africa Index ETF during the 2nd quarter valued at $110,000. Barometer Capital Management Inc. purchased a new position in shares of VanEck Africa Index ETF during the 3rd quarter valued at $139,000. Wealthfront Advisers LLC purchased a new position in shares of VanEck Africa Index ETF during the 3rd quarter valued at $227,000. Finally, City Center Advisors LLC purchased a new position in shares of VanEck Africa Index ETF during the 4th quarter valued at $228,000.

VanEck Africa Index ETF Price Performance

Shares of NYSEARCA AFK opened at $27.67 on Monday. VanEck Africa Index ETF has a one year low of $18.78 and a one year high of $30.85. The business’s fifty day moving average price is $26.99 and its 200-day moving average price is $27.01. The stock has a market capitalization of $124.52 million, a PE ratio of 11.91 and a beta of 0.71.

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.