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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLOGet Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.95 and last traded at $43.95, with a volume of 12475 shares changing hands. The stock had previously closed at $43.31.

VictoryShares Free Cash Flow ETF Stock Performance

The stock has a market capitalization of $6.99 billion, a P/E ratio of 13.70 and a beta of 0.80. The business has a fifty day simple moving average of $40.99 and a 200-day simple moving average of $39.97.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were paid a dividend of $0.0134 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a yield of 0.4%.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VFLO. Bank of America Corp DE boosted its position in shares of VictoryShares Free Cash Flow ETF by 29.5% during the 2nd quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock worth $446,098,000 after purchasing an additional 2,874,353 shares in the last quarter. Morgan Stanley increased its position in VictoryShares Free Cash Flow ETF by 22.1% in the 4th quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after buying an additional 2,158,181 shares in the last quarter. Parallel Advisors LLC raised its stake in VictoryShares Free Cash Flow ETF by 1,319.3% during the 1st quarter. Parallel Advisors LLC now owns 1,538,447 shares of the company’s stock worth $60,738,000 after buying an additional 1,430,052 shares during the period. LPL Financial LLC raised its stake in VictoryShares Free Cash Flow ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock worth $483,588,000 after buying an additional 1,249,407 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in VictoryShares Free Cash Flow ETF by 71.7% in the third quarter. HighTower Advisors LLC now owns 2,857,239 shares of the company’s stock worth $107,147,000 after acquiring an additional 1,193,452 shares in the last quarter.

VictoryShares Free Cash Flow ETF Company Profile

(Get Free Report)

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.

Further Reading

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