VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 52-Week High – What’s Next?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $43.78 and last traded at $43.21, with a volume of 837064 shares trading hands. The stock had previously closed at $43.62.

VictoryShares Free Cash Flow ETF Price Performance

The company’s 50 day moving average price is $40.58 and its 200 day moving average price is $39.69. The firm has a market cap of $6.86 billion, a PE ratio of 13.70 and a beta of 0.80.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were paid a $0.0134 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 0.4%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Comprehensive Financial Planning Inc. PA boosted its stake in shares of VictoryShares Free Cash Flow ETF by 0.7% in the third quarter. Comprehensive Financial Planning Inc. PA now owns 44,845 shares of the company’s stock valued at $1,682,000 after purchasing an additional 309 shares during the period. AE Wealth Management LLC boosted its stake in shares of VictoryShares Free Cash Flow ETF by 0.8% in the third quarter. AE Wealth Management LLC now owns 47,134 shares of the company’s stock valued at $1,768,000 after purchasing an additional 366 shares during the period. Private Trust Co. NA boosted its stake in shares of VictoryShares Free Cash Flow ETF by 4.7% in the fourth quarter. Private Trust Co. NA now owns 13,275 shares of the company’s stock valued at $523,000 after purchasing an additional 600 shares during the period. Assetmark Inc. boosted its stake in shares of VictoryShares Free Cash Flow ETF by 80.4% in the first quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock valued at $53,000 after purchasing an additional 602 shares during the period. Finally, Kingdom Financial Group LLC. purchased a new position in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at approximately $25,000.

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.