VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 52-Week High – Time to Buy?

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.99 and last traded at $40.87, with a volume of 81535 shares changing hands. The stock had previously closed at $39.84.

VictoryShares Free Cash Flow ETF Stock Performance

The firm’s 50 day moving average is $39.81 and its 200-day moving average is $39.05. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 13.70 and a beta of 0.88.

VictoryShares Free Cash Flow ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 11th. Investors of record on Tuesday, March 10th were paid a $0.0496 dividend. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, March 10th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VFLO. AQR Capital Management LLC bought a new position in VictoryShares Free Cash Flow ETF in the 1st quarter worth $737,000. Goldman Sachs Group Inc. bought a new position in shares of VictoryShares Free Cash Flow ETF during the 1st quarter worth about $4,233,000. Jane Street Group LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 409.5% during the 1st quarter. Jane Street Group LLC now owns 273,489 shares of the company’s stock worth $9,375,000 after purchasing an additional 219,816 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of VictoryShares Free Cash Flow ETF by 187.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of VictoryShares Free Cash Flow ETF by 5,081.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 111,930 shares of the company’s stock worth $3,957,000 after purchasing an additional 109,770 shares during the period.

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.