VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 1-Year High – Still a Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $40.20 and last traded at $40.1950, with a volume of 828102 shares. The stock had previously closed at $39.91.

VictoryShares Free Cash Flow ETF Price Performance

The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 13.70 and a beta of 0.91. The stock has a 50 day simple moving average of $38.73 and a two-hundred day simple moving average of $37.27.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were paid a dividend of $0.1502 per share. The ex-dividend date was Thursday, December 11th. This represents a c) dividend on an annualized basis and a yield of 4.5%. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02.

Institutional Trading of VictoryShares Free Cash Flow ETF

Several institutional investors and hedge funds have recently bought and sold shares of VFLO. Ancora Advisors LLC acquired a new stake in VictoryShares Free Cash Flow ETF during the 1st quarter worth approximately $33,000. Ameritas Advisory Services LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF during the second quarter worth approximately $36,000. Geneos Wealth Management Inc. lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 187.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares during the period. Assetmark Inc. lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 285.3% during the third quarter. Assetmark Inc. now owns 1,202 shares of the company’s stock worth $45,000 after purchasing an additional 890 shares during the period. Finally, MCF Advisors LLC purchased a new position in VictoryShares Free Cash Flow ETF in the 3rd quarter valued at $65,000.

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.