VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Strong Trading Volume – Time to Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares saw unusually-high trading volume on Wednesday. 1,565,932 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 1,420,273 shares. The stock last traded at $54.6970 and had previously closed at $54.74.

VictoryShares Free Cash Flow ETF Stock Down 0.4%

The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 13.70 and a beta of 0.87. The stock’s 50 day moving average price is $53.65 and its two-hundred day moving average price is $48.21.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were paid a $0.0962 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 2.1%. This is a decrease from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. The ex-dividend date was Thursday, October 8th.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Large investors have recently made changes to their positions in the company. RVW Wealth LLC raised its position in VictoryShares Free Cash Flow ETF by 9.1% during the third quarter. RVW Wealth LLC now owns 1,110,720 shares of the company’s stock valued at $56,858,000 after acquiring an additional 92,455 shares in the last quarter. Curry Webb Wealth Management LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the 1st quarter worth $15,459,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the 1st quarter worth $2,427,000. Kirkwood Financial Services bought a new position in shares of VictoryShares Free Cash Flow ETF during the 2nd quarter valued at $17,750,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of VictoryShares Free Cash Flow ETF during the 1st quarter valued at $753,000.

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.