VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Share Price Cross Above Fifty Day Moving Average – Here’s What Happened

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $53.34 and traded as high as $53.56. VictoryShares Free Cash Flow ETF shares last traded at $53.55, with a volume of 2,745,608 shares.

VictoryShares Free Cash Flow ETF Stock Up 1.5%

The firm has a market cap of $12.59 billion, a P/E ratio of 15.63 and a beta of 0.84. The stock’s 50-day simple moving average is $53.34 and its 200 day simple moving average is $46.72.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 9th. Investors of record on Friday, November 6th were paid a dividend of $0.0711 per share. This is a decrease from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.0962. This represents a $0.85 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, November 6th.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Hedge funds have recently added to or reduced their stakes in the business. URS Advisory LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the 3rd quarter worth approximately $8,920,000. Private Advisor Group LLC lifted its position in shares of VictoryShares Free Cash Flow ETF by 27.6% during the 3rd quarter. Private Advisor Group LLC now owns 1,307,731 shares of the company’s stock valued at $66,943,000 after acquiring an additional 282,787 shares during the period. Focus Advisor Solutions LLC bought a new position in VictoryShares Free Cash Flow ETF during the third quarter worth $463,000. Independent Advisor Alliance bought a new position in VictoryShares Free Cash Flow ETF during the third quarter worth $206,000. Finally, Atlas Wealth LLC boosted its stake in VictoryShares Free Cash Flow ETF by 4.4% during the third quarter. Atlas Wealth LLC now owns 483,440 shares of the company’s stock worth $24,747,000 after acquiring an additional 20,197 shares in the last quarter.

About VictoryShares Free Cash Flow ETF

The VictoryShares Free Cash Flow ETF (VFLO) is an exchange-traded fund that is based on the Victory US Large Cap Free Cash Flow index. The fund tracks an index composed of the largest U.S. companies based on profit that are perceived to have strong free cash flow yields and high growth metrics VFLO was launched on Jun 21, 2023 and is managed by VictoryShares.