VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Strong Trading Volume – Should You Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw strong trading volume on Wednesday . 251,910 shares were traded during trading, an increase of 0% from the previous session’s volume of 251,469 shares.The stock last traded at $36.65 and had previously closed at $36.58.

VictoryShares Free Cash Flow ETF Stock Performance

The company has a 50 day moving average of $34.47 and a 200-day moving average of $32.69. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 13.10 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 8th. Investors of record on Thursday, November 7th were paid a dividend of $0.0053 per share. This represents a $0.06 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Thursday, November 7th.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

A number of hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC purchased a new stake in VictoryShares Free Cash Flow ETF during the first quarter worth approximately $1,367,000. Transform Wealth LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF in the second quarter valued at approximately $3,871,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF in the second quarter valued at approximately $2,007,000. Great Valley Advisor Group Inc. acquired a new position in VictoryShares Free Cash Flow ETF during the second quarter worth $15,449,000. Finally, Cornerstone Wealth Management LLC acquired a new position in VictoryShares Free Cash Flow ETF during the second quarter worth $817,000.

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.