VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Reaches New 1-Year High – Should You Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $43.78 and last traded at $43.21, with a volume of 837064 shares traded. The stock had previously closed at $43.62.

VictoryShares Free Cash Flow ETF Stock Performance

The company has a market cap of $6.78 billion, a price-to-earnings ratio of 13.70 and a beta of 0.80. The business has a fifty day moving average price of $40.67 and a 200 day moving average price of $39.76.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. increased its holdings in VictoryShares Free Cash Flow ETF by 4.1% in the 1st quarter. Sei Investments Co. now owns 6,903 shares of the company’s stock worth $273,000 after purchasing an additional 275 shares in the last quarter. Comprehensive Financial Planning Inc. PA increased its holdings in VictoryShares Free Cash Flow ETF by 0.7% in the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 44,845 shares of the company’s stock worth $1,682,000 after purchasing an additional 309 shares in the last quarter. AE Wealth Management LLC increased its holdings in VictoryShares Free Cash Flow ETF by 0.8% in the 3rd quarter. AE Wealth Management LLC now owns 47,134 shares of the company’s stock worth $1,768,000 after purchasing an additional 366 shares in the last quarter. Private Trust Co. NA increased its holdings in VictoryShares Free Cash Flow ETF by 4.7% in the 4th quarter. Private Trust Co. NA now owns 13,275 shares of the company’s stock worth $523,000 after purchasing an additional 600 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in VictoryShares Free Cash Flow ETF by 80.4% in the 1st quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock worth $53,000 after purchasing an additional 602 shares in the last quarter.

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.