VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sets New 12-Month High Following Dividend Announcement

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high during trading on Wednesday following a dividend announcement from the company. The company traded as high as $34.35 and last traded at $34.28, with a volume of 1531 shares. The stock had previously closed at $33.75.

The newly announced dividend which will be paid on Friday, November 8th. Investors of record on Thursday, November 7th will be paid a dividend of $0.0053 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Thursday, November 7th.

VictoryShares Free Cash Flow ETF Stock Performance

The business’s fifty day moving average price is $33.22 and its two-hundred day moving average price is $32.07. The stock has a market capitalization of $1.18 billion, a P/E ratio of 13.10 and a beta of 0.75.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Annex Advisory Services LLC purchased a new position in VictoryShares Free Cash Flow ETF during the 3rd quarter worth $96,294,000. Miracle Mile Advisors LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 0.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 2,670,965 shares of the company’s stock valued at $88,943,000 after acquiring an additional 17,888 shares during the period. Victory Capital Management Inc. raised its position in shares of VictoryShares Free Cash Flow ETF by 1.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,389,979 shares of the company’s stock worth $79,586,000 after acquiring an additional 30,000 shares in the last quarter. Traphagen Investment Advisors LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 3.1% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 1,616,914 shares of the company’s stock worth $53,843,000 after acquiring an additional 47,932 shares in the last quarter. Finally, Great Valley Advisor Group Inc. bought a new stake in VictoryShares Free Cash Flow ETF during the second quarter valued at about $15,449,000.

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.