VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sets New 12-Month High – Time to Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.58 and last traded at $38.5560, with a volume of 85058 shares traded. The stock had previously closed at $38.35.

VictoryShares Free Cash Flow ETF Stock Up 0.7%

The company’s 50 day simple moving average is $37.62 and its 200-day simple moving average is $35.94. The firm has a market cap of $5.11 billion, a P/E ratio of 13.70 and a beta of 0.91.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

Institutional Trading of VictoryShares Free Cash Flow ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Stratos Wealth Partners LTD. bought a new stake in VictoryShares Free Cash Flow ETF during the 1st quarter valued at about $405,000. Huntleigh Advisors Inc. increased its position in shares of VictoryShares Free Cash Flow ETF by 8.4% during the second quarter. Huntleigh Advisors Inc. now owns 158,623 shares of the company’s stock worth $5,607,000 after acquiring an additional 12,271 shares during the period. Yukon Wealth Management Inc. bought a new stake in shares of VictoryShares Free Cash Flow ETF during the second quarter valued at approximately $966,000. EverSource Wealth Advisors LLC bought a new stake in shares of VictoryShares Free Cash Flow ETF during the first quarter valued at approximately $1,838,000. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 28.5% in the second quarter. Sagespring Wealth Partners LLC now owns 89,748 shares of the company’s stock valued at $3,173,000 after purchasing an additional 19,879 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.