VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 52-Week High – Here’s What Happened

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $51.00 and last traded at $51.00, with a volume of 593 shares trading hands. The stock had previously closed at $50.50.

VictoryShares Free Cash Flow ETF Stock Performance

The stock has a fifty day simple moving average of $47.29 and a two-hundred day simple moving average of $43.06. The stock has a market cap of $9.15 billion, a PE ratio of 13.70 and a beta of 0.82.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were paid a $0.0249 dividend. The ex-dividend date 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. purchased a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. raised its position in shares of VictoryShares Free Cash Flow ETF by 187.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of VictoryShares Free Cash Flow ETF during the 4th quarter valued at approximately $52,000. Assetmark Inc. grew its position in shares of 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 shares of VictoryShares Free Cash Flow ETF in 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.