VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 12-Month High – Still a Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $56.20 and last traded at $56.3320, with a volume of 1313 shares. The stock had previously closed at $55.63.

VictoryShares Free Cash Flow ETF Trading Down 1.4%

The stock’s 50-day moving average price is $50.79 and its 200-day moving average price is $45.20. The company has a market cap of $10.05 billion, a P/E ratio of 13.70 and a beta of 0.84.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were issued a dividend of $0.0334 per share. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, August 7th.

Institutional Trading of VictoryShares Free Cash Flow ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kingdom Financial Group LLC. purchased a new stake in VictoryShares Free Cash Flow ETF in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. raised 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 valued at $39,000 after purchasing an additional 750 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter valued at about $52,000. Assetmark Inc. increased its position in shares of VictoryShares Free Cash Flow ETF by 80.4% during the first quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock valued at $53,000 after acquiring an additional 602 shares during the last quarter. Finally, Silver Grove Financial Group Inc. bought a new stake in VictoryShares Free Cash Flow ETF during the fourth quarter worth $60,000.

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.