VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sets New 1-Year High – Time to Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares reached a new 52-week high on Friday . The stock traded as high as $38.79 and last traded at $38.8150, with a volume of 35282 shares traded. The stock had previously closed at $38.52.

VictoryShares Free Cash Flow ETF Stock Up 1.0%

The company has a market cap of $5.15 billion, a P/E ratio of 13.70 and a beta of 0.91. The firm’s 50-day moving average price is $37.72 and its 200-day moving average price is $36.30.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, November 7th were given a dividend of $0.025 per share. The ex-dividend date was Friday, November 7th. This represents a c) annualized dividend and a dividend yield of 0.8%.

Institutional Trading of VictoryShares Free Cash Flow ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VFLO. Ancora Advisors LLC bought a new position in VictoryShares Free Cash Flow ETF in the 1st quarter worth about $33,000. Ameritas Advisory Services LLC bought a new position in shares of VictoryShares Free Cash Flow ETF in the second quarter valued at approximately $36,000. Geneos Wealth Management Inc. grew its stake in VictoryShares Free Cash Flow ETF by 187.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares in the last quarter. Assetmark Inc. increased its holdings 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 acquiring an additional 890 shares during the period. Finally, MCF Advisors LLC purchased a new stake in VictoryShares Free Cash Flow ETF in the 3rd quarter worth approximately $65,000.

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.