Financial & Tax Architects LLC Acquires New Holdings in VanEck Africa Index ETF $AFK

Financial & Tax Architects LLC bought a new stake in VanEck Africa Index ETF (NYSEARCA:AFK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,628 shares of the company’s stock, valued at approximately $540,000. Financial & Tax Architects LLC owned about 0.55% of VanEck Africa Index ETF as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. City Center Advisors LLC increased its stake in shares of VanEck Africa Index ETF by 8.6% during the 3rd quarter. City Center Advisors LLC now owns 8,655 shares of the company’s stock worth $238,000 after purchasing an additional 685 shares during 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. IFP Advisors Inc lifted 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 last quarter. Citadel Advisors LLC bought a new stake in VanEck Africa Index ETF in the second quarter worth $305,000. Finally, Apollon Wealth Management LLC boosted its holdings 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 worth $516,000 after purchasing an additional 7,215 shares in the last quarter.

VanEck Africa Index ETF Price Performance

Shares of NYSEARCA:AFK opened at $26.60 on Friday. VanEck Africa Index ETF has a fifty-two week low of $23.00 and a fifty-two week high of $30.85. The business has a 50-day moving average of $28.41 and a two-hundred day moving average of $27.33. The stock has a market capitalization of $95.76 million, a P/E ratio of 11.91 and a beta of 0.74.

VanEck Africa Index ETF Profile

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.