VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Strong Trading Volume After Dividend Announcement

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw unusually-strong trading volume on Wednesday after the company announced a dividend. Approximately 348,692 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 183,888 shares.The stock last traded at $31.29 and had previously closed at $31.03.

The newly announced dividend which will be paid on Friday, August 9th. Shareholders of record on Thursday, August 8th will be paid a dividend of $0.0166 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Thursday, August 8th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01.

VictoryShares Free Cash Flow ETF Price Performance

The stock has a 50-day moving average price of $31.31 and a 200 day moving average price of $30.83. The firm has a market cap of $562.50 million, a PE ratio of 13.10 and a beta of 0.75.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Several hedge funds have recently modified their holdings of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in VictoryShares Free Cash Flow ETF by 35.0% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,978 shares of the company’s stock valued at $339,000 after acquiring an additional 2,846 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter worth about $209,000. Hartline Investment Corp acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 1st quarter valued at about $264,000. Krilogy Financial LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at about $377,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of VictoryShares Free Cash Flow ETF during the 4th quarter worth about $360,000.

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.