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

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $54.05 and last traded at $54.01, with a volume of 229173 shares changing hands. The stock had previously closed at $53.33.

VictoryShares Free Cash Flow ETF Stock Performance

The business’s fifty day moving average price is $48.11 and its two-hundred day moving average price is $43.71. The firm has a market capitalization of $9.81 billion, a P/E ratio of 13.70 and a beta of 0.82.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a $0.0334 dividend. This is a positive change from VictoryShares Free Cash Flow ETF’s previous dividend of $0.03. The ex-dividend date was Friday, August 7th.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kingdom Financial Group LLC. purchased a new stake in shares of VictoryShares Free Cash Flow ETF during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. increased its position 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 valued at $39,000 after buying an additional 750 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in VictoryShares Free Cash Flow ETF during the 4th quarter valued at about $52,000. Assetmark Inc. raised its stake in VictoryShares Free Cash Flow ETF by 80.4% in the first quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock valued at $53,000 after buying an additional 602 shares during the last quarter. Finally, Silver Grove Financial Group Inc. purchased a new stake in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $60,000.

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.