VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 1-Year High – Should You Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) reached a new 52-week high on Thursday . The company traded as high as $56.20 and last traded at $56.3320, with a volume of 1313 shares trading hands. The stock had previously closed at $55.63.

VictoryShares Free Cash Flow ETF Stock Up 0.9%

The firm has a 50-day moving average of $50.40 and a two-hundred day moving average of $45.01. The company has a market capitalization of $10.21 billion, a PE ratio of 13.70 and a beta of 0.84.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were given a $0.0334 dividend. This is an increase from VictoryShares Free Cash Flow ETF’s previous dividend of $0.03. The ex-dividend date was Friday, August 7th.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vantage Financial Partners LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 2.3% in the 4th quarter. Vantage Financial Partners LLC now owns 802,562 shares of the company’s stock worth $31,605,000 after acquiring an additional 18,106 shares during the last quarter. Curry Webb Wealth Management LLC purchased a new stake in VictoryShares Free Cash Flow ETF during the first quarter worth about $15,459,000. Truist Financial Corp grew its stake in shares of VictoryShares Free Cash Flow ETF by 5.1% in the fourth quarter. Truist Financial Corp now owns 296,075 shares of the company’s stock worth $11,659,000 after acquiring an additional 14,257 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in VictoryShares Free Cash Flow ETF by 9.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock valued at $291,410,000 after purchasing an additional 659,124 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in VictoryShares Free Cash Flow ETF in the first quarter valued at approximately $2,427,000.

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.