VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 12-Month High – Should You Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $51.00 and last traded at $51.00, with a volume of 593 shares trading hands. The stock had previously closed at $50.50.

VictoryShares Free Cash Flow ETF Trading Up 0.5%

The business has a 50-day moving average price of $47.06 and a two-hundred day moving average price of $42.91. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 13.70 and a beta of 0.82.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were given a dividend of $0.0249 per share. The ex-dividend date was Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 0.6%.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Kingdom Financial Group LLC. bought a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. lifted its position in VictoryShares Free Cash Flow ETF by 187.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in VictoryShares Free Cash Flow ETF during the 4th quarter valued at about $52,000. Assetmark Inc. boosted its stake in VictoryShares Free Cash Flow ETF by 80.4% during the 1st 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, Silver Grove Financial Group Inc. acquired a new position in VictoryShares Free Cash Flow ETF during the 4th quarter valued at about $60,000.

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.