VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 52-Week High – Time to Buy?

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $40.99 and last traded at $40.87, with a volume of 81535 shares. The stock had previously closed at $39.84.

VictoryShares Free Cash Flow ETF Stock Up 2.0%

The stock’s 50-day moving average price is $39.81 and its 200-day moving average price is $39.05. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 13.70 and a beta of 0.88.

VictoryShares Free Cash Flow ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.0496 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, March 10th.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

A number of large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. lifted its position in shares of VictoryShares Free Cash Flow ETF by 310.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 451,005 shares of the company’s stock worth $17,761,000 after purchasing an additional 341,160 shares in the last quarter. Redwood Family Wealth LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter worth approximately $434,000. SHP Wealth Management acquired a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter worth approximately $660,000. Raymond James Financial Inc. lifted its position in shares of VictoryShares Free Cash Flow ETF by 18.7% during the fourth quarter. Raymond James Financial Inc. now owns 5,027,450 shares of the company’s stock worth $197,981,000 after purchasing an additional 791,094 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of VictoryShares Free Cash Flow ETF by 14.8% during the fourth quarter. NewEdge Advisors LLC now owns 47,217 shares of the company’s stock worth $1,859,000 after purchasing an additional 6,093 shares in the last quarter.

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.