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

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $52.74 and last traded at $52.74, with a volume of 2016129 shares trading hands. The stock had previously closed at $51.46.

VictoryShares Free Cash Flow ETF Stock Performance

The firm has a market cap of $9.61 billion, a P/E ratio of 13.70 and a beta of 0.82. The stock’s 50-day moving average is $47.68 and its 200 day moving average is $43.43.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a $0.0334 dividend. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous dividend of $0.03.

Institutional Trading of VictoryShares Free Cash Flow ETF

Several hedge funds have recently bought and sold shares of the stock. Kingdom Financial Group LLC. acquired a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. grew its stake in shares of VictoryShares Free Cash Flow ETF by 187.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after acquiring an additional 750 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of VictoryShares Free Cash Flow ETF during the 4th quarter worth approximately $52,000. Assetmark Inc. boosted its holdings in 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 purchasing an additional 602 shares during the last quarter. Finally, Silver Grove Financial Group Inc. acquired a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth $60,000.

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.