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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) reached a new 52-week high on Thursday . The stock traded as high as $44.92 and last traded at $44.56, with a volume of 945690 shares traded. The stock had previously closed at $44.39.

VictoryShares Free Cash Flow ETF Trading Up 0.4%

The firm has a fifty day simple moving average of $41.38 and a two-hundred day simple moving average of $40.15. The firm has a market cap of $7.07 billion, a PE ratio of 13.70 and a beta of 0.80.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were issued a $0.0134 dividend. The ex-dividend date was Friday, May 8th. This represents a c) annualized dividend and a yield of 0.4%.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vantage Financial Partners LLC lifted its stake in shares of VictoryShares Free Cash Flow ETF by 5.3% in the 3rd quarter. Vantage Financial Partners LLC now owns 784,456 shares of the company’s stock valued at $29,417,000 after purchasing an additional 39,601 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in shares of VictoryShares Free Cash Flow ETF by 141.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 26,742 shares of the company’s stock valued at $1,003,000 after purchasing an additional 15,655 shares during the period. HighTower Advisors LLC lifted its stake in shares of VictoryShares Free Cash Flow ETF by 71.7% in the 3rd quarter. HighTower Advisors LLC now owns 2,857,239 shares of the company’s stock valued at $107,147,000 after purchasing an additional 1,193,452 shares during the period. Ledyard National Bank lifted its stake in shares of VictoryShares Free Cash Flow ETF by 138.5% in the 4th quarter. Ledyard National Bank now owns 402,353 shares of the company’s stock valued at $15,845,000 after purchasing an additional 233,685 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of VictoryShares Free Cash Flow ETF by 5.1% in the 4th quarter. Truist Financial Corp now owns 296,075 shares of the company’s stock valued at $11,659,000 after purchasing an additional 14,257 shares during the period.

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.