VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Reaches New 1-Year High – Time to Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $40.75 and last traded at $40.42, with a volume of 329813 shares. The stock had previously closed at $40.38.

VictoryShares Free Cash Flow ETF Trading Up 0.2%

The stock has a market cap of $6.06 billion, a P/E ratio of 13.70 and a beta of 0.91. The company has a 50-day moving average price of $39.94 and a two-hundred day moving average price of $38.62.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, December 11th were given a $0.1502 dividend. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Thursday, December 11th. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors 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 in the 4th quarter worth $25,000. Geneos Wealth Management Inc. raised its holdings in shares of VictoryShares Free Cash Flow ETF by 187.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares in the last quarter. Assetmark Inc. lifted its stake in VictoryShares Free Cash Flow ETF by 285.3% in the third quarter. Assetmark Inc. now owns 1,202 shares of the company’s stock worth $45,000 after acquiring an additional 890 shares during the period. Zions Bancorporation National Association UT bought a new position in VictoryShares Free Cash Flow ETF during the 4th quarter worth about $52,000. Finally, Silver Grove Financial Group Inc. bought a new position in VictoryShares Free Cash Flow ETF during the 4th quarter worth about $60,000.

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.