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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) reached a new 52-week high during trading on Friday . The stock traded as high as $43.95 and last traded at $43.95, with a volume of 12475 shares changing hands. The stock had previously closed at $43.31.

VictoryShares Free Cash Flow ETF Stock Performance

The business has a fifty day moving average of $40.99 and a 200-day moving average of $39.97. The company has a market capitalization of $6.99 billion, a P/E ratio of 13.70 and a beta of 0.80.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 7.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 176,577 shares of the company’s stock valued at $6,678,000 after purchasing an additional 12,593 shares in the last quarter. Vantage Financial Partners LLC raised its position in VictoryShares Free Cash Flow ETF by 5.3% in the 3rd quarter. Vantage Financial Partners LLC now owns 784,456 shares of the company’s stock valued at $29,417,000 after buying an additional 39,601 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in VictoryShares Free Cash Flow ETF by 141.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 26,742 shares of the company’s stock valued at $1,003,000 after buying an additional 15,655 shares during the last quarter. Ledyard National Bank lifted its stake in VictoryShares Free Cash Flow ETF by 138.5% during the 4th quarter. Ledyard National Bank now owns 402,353 shares of the company’s stock valued at $15,845,000 after acquiring an additional 233,685 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in VictoryShares Free Cash Flow ETF by 71.7% during the 3rd quarter. HighTower Advisors LLC now owns 2,857,239 shares of the company’s stock valued at $107,147,000 after acquiring an additional 1,193,452 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.