VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Large Volume Increase – What’s Next?

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw unusually-strong trading volume on Friday . Approximately 7,172,413 shares traded hands during mid-day trading, an increase of 466% from the previous session’s volume of 1,266,564 shares.The stock last traded at $35.03 and had previously closed at $35.01.

VictoryShares Free Cash Flow ETF Price Performance

The company has a market capitalization of $2.19 billion, a P/E ratio of 14.45 and a beta of 0.75. The company’s 50-day moving average price is $35.23 and its two-hundred day moving average price is $34.38.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, February 7th were given a $0.0486 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous dividend of $0.01.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several large investors have recently modified their holdings of the stock. Great Valley Advisor Group Inc. raised its position in shares of VictoryShares Free Cash Flow ETF by 52.1% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,105,453 shares of the company’s stock valued at $37,685,000 after purchasing an additional 378,566 shares during the period. WBI Investments LLC increased its position in VictoryShares Free Cash Flow ETF by 14.4% during the fourth quarter. WBI Investments LLC now owns 267,266 shares of the company’s stock worth $9,111,000 after acquiring an additional 33,548 shares during the period. Royal Bank of Canada increased its position in VictoryShares Free Cash Flow ETF by 43.6% during the fourth quarter. Royal Bank of Canada now owns 617,224 shares of the company’s stock worth $21,041,000 after acquiring an additional 187,352 shares during the period. Napa Wealth Management bought a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth about $1,528,000. Finally, Cetera Investment Advisers increased its position in VictoryShares Free Cash Flow ETF by 152.0% during the fourth quarter. Cetera Investment Advisers now owns 224,208 shares of the company’s stock worth $7,643,000 after acquiring an additional 135,249 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.