VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sets New 1-Year High – What’s Next?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares reached a new 52-week high during trading on Thursday . The company traded as high as $44.92 and last traded at $44.56, with a volume of 945690 shares trading hands. The stock had previously closed at $44.39.

VictoryShares Free Cash Flow ETF Trading Up 0.4%

The company has a market cap of $7.07 billion, a PE ratio of 13.70 and a beta of 0.80. The stock has a 50 day moving average price of $41.38 and a 200 day moving average price of $40.15.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were paid a $0.0134 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, May 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of VictoryShares Free Cash Flow ETF by 10.3% in the 1st quarter. Bank of America Corp DE now owns 15,967,468 shares of the company’s stock valued at $630,396,000 after purchasing an additional 1,489,192 shares during the period. LPL Financial LLC lifted its stake in shares of VictoryShares Free Cash Flow ETF by 11.3% in the 4th quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock valued at $483,588,000 after purchasing an additional 1,249,407 shares during the period. Morgan Stanley lifted its stake in shares of VictoryShares Free Cash Flow ETF by 22.1% in the 4th quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after purchasing an additional 2,158,181 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in VictoryShares Free Cash Flow ETF by 9.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock valued at $291,410,000 after buying an additional 659,124 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in VictoryShares Free Cash Flow ETF by 17.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock valued at $245,200,000 after buying an additional 921,401 shares in the last quarter.

VictoryShares Free Cash Flow ETF Company Profile

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.