Texas Yale Capital Corp. Invests $1 Million in VanEck Africa Index ETF $AFK

Texas Yale Capital Corp. bought a new position in shares of VanEck Africa Index ETF (NYSEARCA:AFK) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,450 shares of the company’s stock, valued at approximately $1,002,000. Texas Yale Capital Corp. owned 0.73% of VanEck Africa Index ETF as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AFK. IFP Advisors Inc bought a new stake in VanEck Africa Index ETF during the third quarter worth $34,000. Raymond James Financial Inc. bought a new stake in VanEck Africa Index ETF during the second quarter worth $110,000. Barometer Capital Management Inc. bought a new stake in VanEck Africa Index ETF during the third quarter worth $139,000. City Center Advisors LLC bought a new stake in VanEck Africa Index ETF during the fourth quarter worth $228,000. Finally, Wealthfront Advisers LLC bought a new stake in VanEck Africa Index ETF during the third quarter worth $227,000.

VanEck Africa Index ETF Stock Performance

Shares of VanEck Africa Index ETF stock opened at $27.67 on Monday. The stock has a fifty day simple moving average of $26.99 and a 200 day simple moving average of $27.01. VanEck Africa Index ETF has a 12-month low of $18.78 and a 12-month high of $30.85. The company has a market capitalization of $124.52 million, a P/E 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.