VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Share Price Break Above Fifty Day Moving Average – What’s Next?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $53.34 and traded as high as $53.56. VictoryShares Free Cash Flow ETF shares last traded at $53.55, with a volume of 2,745,608 shares traded.

VictoryShares Free Cash Flow ETF Trading Up 0.3%

The firm has a 50 day moving average price of $53.24 and a 200-day moving average price of $46.86. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 15.63 and a beta of 0.84.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, November 6th were issued a dividend of $0.0711 per share. This is a decrease from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.0962. The ex-dividend date was Friday, November 6th. This represents a $0.85 annualized dividend and a yield of 1.6%.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the third quarter valued at about $225,000. Steward Partners Investment Advisory LLC grew its position in shares of VictoryShares Free Cash Flow ETF by 297.8% in the third quarter. Steward Partners Investment Advisory LLC now owns 252,897 shares of the company’s stock valued at $12,946,000 after purchasing an additional 189,328 shares during the last quarter. Insigneo Advisory Services LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the third quarter valued at approximately $5,806,000. Xcelsior Advisor Partners LLC increased its stake in shares of VictoryShares Free Cash Flow ETF by 5.1% during the 3rd quarter. Xcelsior Advisor Partners LLC now owns 79,410 shares of the company’s stock worth $4,065,000 after purchasing an additional 3,885 shares in the last quarter. Finally, Fiduciary Financial Advisors increased its stake in shares of VictoryShares Free Cash Flow ETF by 1.7% during the 3rd quarter. Fiduciary Financial Advisors now owns 65,772 shares of the company’s stock worth $3,367,000 after purchasing an additional 1,100 shares in the last quarter.

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.