VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 52-Week High – What’s Next?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $43.78 and last traded at $43.21, with a volume of 837064 shares trading hands. The stock had previously closed at $43.62.

VictoryShares Free Cash Flow ETF Stock Down 0.9%

The company’s fifty day moving average is $40.58 and its two-hundred day moving average is $39.69. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 13.70 and a beta of 0.80.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were issued a $0.0134 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a yield of 0.4%.

Institutional Trading of VictoryShares Free Cash Flow ETF

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in VictoryShares Free Cash Flow ETF by 7.2% in the third quarter. Bank of America Corp DE now owns 13,531,911 shares of the company’s stock valued at $507,447,000 after acquiring an additional 912,446 shares in the last quarter. LPL Financial LLC raised its holdings in VictoryShares Free Cash Flow ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock valued at $483,588,000 after acquiring an additional 1,249,407 shares in the last quarter. Morgan Stanley raised its holdings in VictoryShares Free Cash Flow ETF by 22.1% in the fourth quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after acquiring an additional 2,158,181 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in VictoryShares Free Cash Flow ETF by 9.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock valued at $291,410,000 after acquiring an additional 659,124 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in VictoryShares Free Cash Flow ETF by 17.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock valued at $245,200,000 after acquiring an additional 921,401 shares in the last quarter.

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.