VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Stock Price Break Below 50-Day Moving Average – Here’s What Happened

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s stock price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $53.63 and traded as low as $53.28. VictoryShares Free Cash Flow ETF shares last traded at $53.57, with a volume of 2,458,485 shares trading hands.

VictoryShares Free Cash Flow ETF Stock Performance

The company has a market cap of $12.35 billion, a P/E ratio of 15.63 and a beta of 0.85. The stock has a 50-day moving average of $53.63 and a two-hundred day moving average of $46.33.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were issued a dividend of $0.0962 per share. The ex-dividend date was Thursday, October 8th. This represents a $1.15 annualized dividend and a yield of 2.2%. This is a drop from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in VictoryShares Free Cash Flow ETF by 10.3% during 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 last quarter. Envestnet Asset Management Inc. increased its holdings in shares of VictoryShares Free Cash Flow ETF by 3.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,494,324 shares of the company’s stock worth $114,115,000 after purchasing an additional 94,493 shares in the last quarter. Modern Wealth Management LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 18.0% in the 1st quarter. Modern Wealth Management LLC now owns 2,362,996 shares of the company’s stock worth $93,740,000 after purchasing an additional 360,996 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of VictoryShares Free Cash Flow ETF by 11.2% in the 1st quarter. Royal Bank of Canada now owns 2,143,575 shares of the company’s stock worth $84,628,000 after purchasing an additional 215,541 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF in the third quarter worth $77,594,000.

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.