VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 1-Year High – Here’s Why

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high during trading on Friday . The stock traded as high as $38.79 and last traded at $38.8150, with a volume of 35282 shares trading hands. The stock had previously closed at $38.52.

VictoryShares Free Cash Flow ETF Stock Up 0.7%

The stock’s 50-day moving average price is $37.75 and its 200 day moving average price is $36.34. The company has a market cap of $5.13 billion, a P/E ratio of 13.70 and a beta of 0.91.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, November 7th were given a dividend of $0.025 per share. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, November 7th.

Institutional Trading of VictoryShares Free Cash Flow ETF

Large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new stake in VictoryShares Free Cash Flow ETF during the 3rd quarter worth approximately $4,721,000. Keystone Financial Group boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 2.6% in the third quarter. Keystone Financial Group now owns 798,273 shares of the company’s stock valued at $29,936,000 after buying an additional 20,394 shares during the period. NewEdge Advisors LLC increased its position in shares of VictoryShares Free Cash Flow ETF by 42.6% during the third quarter. NewEdge Advisors LLC now owns 41,124 shares of the company’s stock worth $1,542,000 after acquiring an additional 12,277 shares in the last quarter. Triumph Capital Management increased its position in shares of VictoryShares Free Cash Flow ETF by 16.1% during the third quarter. Triumph Capital Management now owns 90,055 shares of the company’s stock worth $3,377,000 after acquiring an additional 12,505 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the third quarter worth $131,000.

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.