VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Reaches New 1-Year High – What’s Next?

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.37 and last traded at $36.37, with a volume of 129727 shares. The stock had previously closed at $35.85.

VictoryShares Free Cash Flow ETF Price Performance

The company has a market capitalization of $1.21 billion, a PE ratio of 13.10 and a beta of 0.75. The stock has a 50-day simple moving average of $33.82 and a 200 day simple moving average of $32.36.

VictoryShares Free Cash Flow ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, November 7th were issued a $0.0053 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.17%.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cetera Advisors LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the first quarter worth approximately $1,367,000. RVW Wealth LLC acquired a new position in VictoryShares Free Cash Flow ETF in the second quarter valued at $1,014,000. Transform Wealth LLC acquired a new stake in VictoryShares Free Cash Flow ETF during the second quarter worth about $3,871,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at about $2,007,000. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of VictoryShares Free Cash Flow ETF during the 2nd quarter valued at $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.