VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Reaches New 12-Month High – Still a Buy?

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high during trading on Friday . The company traded as high as $48.25 and last traded at $48.20, with a volume of 106222 shares trading hands. The stock had previously closed at $47.89.

VictoryShares Free Cash Flow ETF Price Performance

The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 13.70 and a beta of 0.85. The company’s fifty day simple moving average is $45.68 and its two-hundred day simple moving average is $42.14.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Kingdom Financial Group LLC. purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its position 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 valued at $39,000 after buying an additional 750 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter valued at approximately $52,000. Assetmark Inc. grew its holdings in VictoryShares Free Cash Flow ETF by 80.4% during the first quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock worth $53,000 after buying an additional 602 shares in the last quarter. Finally, Silver Grove Financial Group Inc. bought a new stake in VictoryShares Free Cash Flow ETF during the fourth quarter worth $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.