VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Reaches New 52-Week High – Here’s Why

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high on Tuesday . The stock traded as high as $41.99 and last traded at $41.91, with a volume of 601441 shares changing hands. The stock had previously closed at $41.76.

VictoryShares Free Cash Flow ETF Price Performance

The firm has a fifty day simple moving average of $40.01 and a two-hundred day simple moving average of $39.25. The firm has a market capitalization of $6.61 billion, a P/E ratio of 13.70 and a beta of 0.84.

VictoryShares Free Cash Flow ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 9th were issued a dividend of $0.0333 per share. The ex-dividend date of this dividend was Thursday, April 9th.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Kingdom Financial Group LLC. bought a new position in VictoryShares Free Cash Flow ETF during the fourth quarter valued at $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 187.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after acquiring an additional 750 shares during the period. Assetmark Inc. boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 285.3% in the third quarter. Assetmark Inc. now owns 1,202 shares of the company’s stock worth $45,000 after acquiring an additional 890 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of VictoryShares Free Cash Flow ETF in the fourth quarter worth $52,000. Finally, Silver Grove Financial Group Inc. bought a new position in shares of VictoryShares Free Cash Flow ETF in the fourth quarter worth $60,000.

VictoryShares Free Cash Flow ETF Company Profile

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.