VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 12-Month High – What’s Next?

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

VictoryShares Free Cash Flow ETF Stock Performance

The stock has a market cap of $5.15 billion, a P/E ratio of 13.70 and a beta of 0.91. The stock has a 50-day moving average price of $37.72 and a 200-day moving average price of $36.30.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, November 7th were paid a $0.025 dividend. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC bought a new position in VictoryShares Free Cash Flow ETF in the first quarter valued at $33,000. Ameritas Advisory Services LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF during the 2nd quarter valued at about $36,000. Geneos Wealth Management Inc. raised its holdings in shares of VictoryShares Free Cash Flow ETF by 187.5% during the 1st 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 in the last quarter. Assetmark Inc. lifted its position in VictoryShares Free Cash Flow ETF by 285.3% in the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the company’s stock worth $45,000 after buying an additional 890 shares during the last quarter. Finally, MCF Advisors LLC purchased a new stake in VictoryShares Free Cash Flow ETF in the third quarter worth approximately $65,000.

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.