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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $56.20 and last traded at $56.3320, with a volume of 1313 shares. The stock had previously closed at $55.63.

VictoryShares Free Cash Flow ETF Stock Up 0.9%

The stock has a market capitalization of $10.21 billion, a PE ratio of 13.70 and a beta of 0.84. The stock’s 50 day moving average price is $50.40 and its 200-day moving average price is $45.01.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were paid a dividend of $0.0334 per share. This is a boost from VictoryShares Free Cash Flow ETF’s previous dividend of $0.03. The ex-dividend date was Friday, August 7th.

Institutional Trading of VictoryShares Free Cash Flow ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in VictoryShares Free Cash Flow ETF by 10.3% during the 1st quarter. Bank of America Corp DE now owns 15,967,468 shares of the company’s stock valued at $630,396,000 after buying an additional 1,489,192 shares in the last quarter. LPL Financial LLC increased its holdings in VictoryShares Free Cash Flow ETF by 11.3% in the 4th 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 during the period. Morgan Stanley increased its holdings in 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 worth $469,851,000 after buying an additional 2,158,181 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in 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 worth $291,410,000 after buying an additional 659,124 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of VictoryShares Free Cash Flow ETF by 17.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock worth $245,200,000 after acquiring an additional 921,401 shares during the period.

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.