VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 52-Week High – Still a Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares reached a new 52-week high on Tuesday . The company traded as high as $41.99 and last traded at $41.91, with a volume of 601441 shares trading hands. The stock had previously closed at $41.76.

VictoryShares Free Cash Flow ETF Trading Up 0.4%

The business’s 50 day moving average is $40.07 and its two-hundred day moving average is $39.30. The company has a market cap of $6.63 billion, a PE ratio of 13.70 and a beta of 0.84.

VictoryShares Free Cash Flow ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 9th were paid a dividend of $0.0333 per share. The ex-dividend date was Thursday, April 9th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VFLO. Patriot Financial Group Insurance Agency LLC purchased a new stake in VictoryShares Free Cash Flow ETF in the 1st quarter worth $2,427,000. Janney Montgomery Scott LLC lifted its stake in VictoryShares Free Cash Flow ETF by 28.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 95,391 shares of the company’s stock worth $3,766,000 after purchasing an additional 21,171 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new stake in VictoryShares Free Cash Flow ETF in the 1st quarter worth $7,232,000. Laurel Oak Wealth Management LLC lifted its stake in VictoryShares Free Cash Flow ETF by 112.3% in the 1st quarter. Laurel Oak Wealth Management LLC now owns 77,582 shares of the company’s stock worth $3,063,000 after purchasing an additional 41,031 shares in the last quarter. Finally, First American Bank purchased a new stake in VictoryShares Free Cash Flow ETF in the 1st quarter worth $509,000.

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.