VictoryShares Free Cash Flow Growth ETF (NASDAQ:GFLW) Sees Strong Trading Volume – What’s Next?

VictoryShares Free Cash Flow Growth ETF (NASDAQ:GFLW) saw unusually-strong trading volume on Wednesday . Approximately 1,805,488 shares traded hands during mid-day trading, an increase of 1,085% from the previous session’s volume of 152,349 shares.The stock last traded at $27.43 and had previously closed at $27.21.

VictoryShares Free Cash Flow Growth ETF Trading Up 0.6%

The firm has a market capitalization of $609.31 million, a P/E ratio of 33.38 and a beta of 1.54. The stock has a 50 day simple moving average of $28.57 and a 200-day simple moving average of $26.92.

Hedge Funds Weigh In On VictoryShares Free Cash Flow Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GFLW. Triumph Capital Management purchased a new stake in VictoryShares Free Cash Flow Growth ETF in the 3rd quarter worth about $285,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of VictoryShares Free Cash Flow Growth ETF during the 3rd quarter worth approximately $69,000. Citadel Advisors LLC purchased a new position in VictoryShares Free Cash Flow Growth ETF during the 3rd quarter valued at $561,000. Bank of America Corp DE bought a new position in VictoryShares Free Cash Flow Growth ETF in the 3rd quarter valued at $5,844,000. Finally, Comprehensive Financial Planning Inc. PA increased its stake in VictoryShares Free Cash Flow Growth ETF by 2.3% in the third quarter. Comprehensive Financial Planning Inc. PA now owns 17,097 shares of the company’s stock worth $490,000 after purchasing an additional 388 shares during the period.

About VictoryShares Free Cash Flow Growth ETF

The VictoryShares Free Cash Flow Growth ETF (GFLW) is an exchange-traded fund that is based on the Victory Free Cash Flow Growth index. The fund tracks an index composed of 100 US large-cap growth companies selected based on positive free cash flow trend, earnings, and ROI. Holdings are weighted in the portfolio based on a combination of free cash flow and momentum.