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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) reached a new 52-week high on Thursday . The stock traded as high as $44.92 and last traded at $44.56, with a volume of 945690 shares. The stock had previously closed at $44.39.

VictoryShares Free Cash Flow ETF Trading Up 3.7%

The firm’s fifty day moving average price is $41.63 and its 200 day moving average price is $40.25. The firm has a market capitalization of $7.39 billion, a PE ratio of 13.70 and a beta of 0.80.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were issued a dividend of $0.0134 per share. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, May 8th.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vantage Financial Partners LLC boosted its holdings in VictoryShares Free Cash Flow ETF by 5.3% in the third quarter. Vantage Financial Partners LLC now owns 784,456 shares of the company’s stock worth $29,417,000 after purchasing an additional 39,601 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in VictoryShares Free Cash Flow ETF by 141.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 26,742 shares of the company’s stock worth $1,003,000 after purchasing an additional 15,655 shares in the last quarter. Ledyard National Bank boosted its holdings in VictoryShares Free Cash Flow ETF by 138.5% in the fourth quarter. Ledyard National Bank now owns 402,353 shares of the company’s stock worth $15,845,000 after purchasing an additional 233,685 shares in the last quarter. HighTower Advisors LLC boosted its holdings in VictoryShares Free Cash Flow ETF by 71.7% in the third quarter. HighTower Advisors LLC now owns 2,857,239 shares of the company’s stock worth $107,147,000 after purchasing an additional 1,193,452 shares in the last quarter. Finally, Merit Financial Group LLC boosted its holdings in VictoryShares Free Cash Flow ETF by 3.7% in the third quarter. Merit Financial Group LLC now owns 2,419,736 shares of the company’s stock worth $90,740,000 after purchasing an additional 85,914 shares in the last quarter.

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.