VictoryShares Free Cash Flow Growth ETF (NASDAQ:GFLW) Sees Unusually-High Trading Volume – Here’s Why

Shares of VictoryShares Free Cash Flow Growth ETF (NASDAQ:GFLW) saw unusually-high trading volume on Wednesday . Approximately 1,805,488 shares changed hands during mid-day trading, an increase of 1,085% from the previous session’s volume of 152,349 shares.The stock last traded at $27.43 and had previously closed at $27.21.

VictoryShares Free Cash Flow Growth ETF Stock Performance

The stock has a market cap of $609.31 million, a P/E ratio of 33.38 and a beta of 1.54. The firm’s 50 day moving average is $28.57 and its 200 day moving average is $26.92.

Institutional Trading of VictoryShares Free Cash Flow Growth ETF

Institutional investors have recently made changes to their positions in the business. Comprehensive Financial Planning Inc. PA lifted its stake in shares of VictoryShares Free Cash Flow Growth ETF by 90.9% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 16,709 shares of the company’s stock worth $439,000 after buying an additional 7,957 shares during the period. Tradition Wealth Management LLC purchased a new position in VictoryShares Free Cash Flow Growth ETF in the 1st quarter worth $777,000. Annex Advisory Services LLC lifted its position in VictoryShares Free Cash Flow Growth ETF by 30.9% during the 2nd quarter. Annex Advisory Services LLC now owns 6,766,265 shares of the company’s stock worth $177,885,000 after acquiring an additional 1,596,105 shares during the period. Krilogy Financial LLC grew its stake in VictoryShares Free Cash Flow Growth ETF by 20.8% during the 2nd quarter. Krilogy Financial LLC now owns 62,115 shares of the company’s stock valued at $1,633,000 after purchasing an additional 10,700 shares during the last quarter. Finally, Smith Anglin Financial LLC increased its holdings in shares of VictoryShares Free Cash Flow Growth ETF by 5,134.2% in the second quarter. Smith Anglin Financial LLC now owns 2,911,463 shares of the company’s stock valued at $76,542,000 after purchasing an additional 2,855,839 shares during the period.

About VictoryShares Free Cash Flow Growth ETF

The VictoryShares Free Cash Flow Growth ETF (GFLW) is an exchange-traded fund that is based on the Victory Free Cash Flow Growth index. The fund tracks an index composed of 100 US large-cap growth companies selected based on positive free cash flow trend, earnings, and ROI. Holdings are weighted in the portfolio based on a combination of free cash flow and momentum.