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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $49.67 and last traded at $49.56, with a volume of 2074092 shares traded. The stock had previously closed at $48.69.

VictoryShares Free Cash Flow ETF Price Performance

The company has a market cap of $8.89 billion, a price-to-earnings ratio of 13.70 and a beta of 0.85. The firm has a 50 day simple moving average of $46.71 and a 200-day simple moving average of $42.71.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.0249 per share. The ex-dividend date was Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of VictoryShares Free Cash Flow ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. increased its position in shares of VictoryShares Free Cash Flow ETF by 4.1% during the first quarter. Sei Investments Co. now owns 6,903 shares of the company’s stock valued at $273,000 after acquiring an additional 275 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 0.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 55,246 shares of the company’s stock worth $2,528,000 after acquiring an additional 490 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 4.7% in the 4th quarter. Private Trust Co. NA now owns 13,275 shares of the company’s stock worth $523,000 after acquiring an additional 600 shares during the last quarter. Assetmark Inc. boosted its position in shares of VictoryShares Free Cash Flow ETF by 80.4% during the 1st quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock worth $53,000 after purchasing an additional 602 shares during the period. Finally, Kingdom Financial Group LLC. purchased a new position in shares of VictoryShares Free Cash Flow ETF during the 4th quarter worth approximately $25,000.

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.