VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Share Price Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $53.34 and traded as high as $53.56. VictoryShares Free Cash Flow ETF shares last traded at $53.55, with a volume of 2,745,608 shares traded.

VictoryShares Free Cash Flow ETF Trading Up 1.5%

The stock’s 50-day moving average price is $53.34 and its 200-day moving average price is $46.72. The company has a market cap of $12.59 billion, a P/E ratio of 15.63 and a beta of 0.84.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 9th. Investors of record on Friday, November 6th were paid a dividend of $0.0711 per share. This is a decrease from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.0962. The ex-dividend date of this dividend was Friday, November 6th. This represents a $0.85 dividend on an annualized basis and a yield of 1.6%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFLO. URS Advisory LLC acquired a new stake in VictoryShares Free Cash Flow ETF in the third quarter valued at approximately $8,920,000. Private Advisor Group LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 27.6% during the third quarter. Private Advisor Group LLC now owns 1,307,731 shares of the company’s stock valued at $66,943,000 after acquiring an additional 282,787 shares in the last quarter. Focus Advisor Solutions LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the third quarter worth approximately $463,000. Independent Advisor Alliance acquired a new position in shares of VictoryShares Free Cash Flow ETF during the third quarter worth approximately $206,000. Finally, Atlas Wealth LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 4.4% during the third quarter. Atlas Wealth LLC now owns 483,440 shares of the company’s stock worth $24,747,000 after purchasing an additional 20,197 shares during the period.

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.