VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Reaches New 52-Week High Following Dividend Announcement

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares reached a new 52-week high on Wednesday following a dividend announcement from the company. The company traded as high as $40.99 and last traded at $40.87, with a volume of 81535 shares. The stock had previously closed at $39.84.

The newly announced dividend which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 9th will be paid a $0.0333 dividend. The ex-dividend date is Thursday, April 9th.

VictoryShares Free Cash Flow ETF Trading Down 0.8%

The firm has a market capitalization of $6.29 billion, a P/E ratio of 13.70 and a beta of 0.84. The firm has a 50-day moving average of $39.84 and a two-hundred day moving average of $39.06.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in VictoryShares Free Cash Flow ETF by 7.2% in the third quarter. Bank of America Corp DE now owns 13,531,911 shares of the company’s stock valued at $507,447,000 after buying an additional 912,446 shares in the last quarter. LPL Financial LLC increased 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 worth $483,588,000 after buying an additional 1,249,407 shares in the last quarter. Morgan Stanley lifted its stake in shares of VictoryShares Free Cash Flow ETF by 22.1% in the 4th quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after acquiring an additional 2,158,181 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 9.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock valued at $291,410,000 after acquiring an additional 659,124 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 17.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock valued at $245,200,000 after acquiring an additional 921,401 shares in the last quarter.

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.