Motley Fool Wealth Management LLC Sells 2,663 Shares of VanEck Africa Index ETF (NYSEARCA:AFK)

Motley Fool Wealth Management LLC decreased its stake in shares of VanEck Africa Index ETF (NYSEARCA:AFK) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 117,192 shares of the company’s stock after selling 2,663 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in VanEck Africa Index ETF were worth $1,618,000 as of its most recent filing with the Securities & Exchange Commission.

VanEck Africa Index ETF Trading Up 2.6 %

AFK stock traded up $0.38 during midday trading on Friday, reaching $14.94. 6,810 shares of the company’s stock traded hands, compared to its average volume of 10,833. VanEck Africa Index ETF has a 52-week low of $12.84 and a 52-week high of $15.99. The stock has a market cap of $41.09 million, a P/E ratio of 9.18 and a beta of 0.68. The stock’s 50-day moving average is $14.15 and its 200 day moving average is $13.85.

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.