VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 12-Month High – Here’s What Happened

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares hit a new 52-week high on Thursday . The stock traded as high as $40.75 and last traded at $40.42, with a volume of 329813 shares traded. The stock had previously closed at $40.38.

VictoryShares Free Cash Flow ETF Stock Up 0.2%

The stock has a market capitalization of $6.06 billion, a P/E ratio of 13.70 and a beta of 0.91. The stock’s 50 day moving average price is $39.94 and its 200-day moving average price is $38.62.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were given a $0.1502 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of VFLO. Kingdom Financial Group LLC. acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. increased its stake in VictoryShares Free Cash Flow ETF by 187.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after buying an additional 750 shares during the period. Assetmark Inc. increased its stake in VictoryShares Free Cash Flow ETF by 285.3% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the company’s stock worth $45,000 after buying an additional 890 shares during the period. Zions Bancorporation National Association UT acquired a new stake in VictoryShares Free Cash Flow ETF during the 4th quarter worth approximately $52,000. Finally, Silver Grove Financial Group Inc. purchased a new position in VictoryShares Free Cash Flow ETF in the 4th quarter valued at approximately $60,000.

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.