VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Reaches New 12-Month High – Here’s What Happened

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares hit a new 52-week high on Thursday . The stock traded as high as $48.40 and last traded at $47.84, with a volume of 1407000 shares. The stock had previously closed at $48.00.

VictoryShares Free Cash Flow ETF Trading Down 0.3%

The stock has a fifty day simple moving average of $45.98 and a two-hundred day simple moving average of $42.33. The firm has a market cap of $8.47 billion, a PE ratio of 13.70 and a beta of 0.85.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several institutional investors have recently modified their holdings of VFLO. Bank of America Corp DE raised its position in VictoryShares Free Cash Flow ETF by 29.5% during the 2nd quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock valued at $446,098,000 after purchasing an additional 2,874,353 shares during the last quarter. Morgan Stanley lifted its position in VictoryShares Free Cash Flow ETF by 22.1% during the fourth quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after buying an additional 2,158,181 shares during the period. Parallel Advisors LLC lifted its position in VictoryShares Free Cash Flow ETF by 1,319.3% during the 1st quarter. Parallel Advisors LLC now owns 1,538,447 shares of the company’s stock valued at $60,738,000 after acquiring an additional 1,430,052 shares during the period. LPL Financial LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 11.3% during the fourth 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 last quarter. Finally, Ameriprise Financial Inc. bought a new stake in VictoryShares Free Cash Flow ETF in the second quarter worth $35,234,000.

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.