VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Reaches New 12-Month High – Time to Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares hit a new 52-week high on Tuesday . The company traded as high as $54.05 and last traded at $54.01, with a volume of 229173 shares changing hands. The stock had previously closed at $53.33.

VictoryShares Free Cash Flow ETF Stock Up 1.1%

The stock has a 50-day moving average of $48.11 and a 200 day moving average of $43.71. The stock has a market cap of $9.81 billion, a PE ratio of 13.70 and a beta of 0.82.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were given a dividend of $0.0334 per share. The ex-dividend date of this dividend was Friday, August 7th. This is an increase from VictoryShares Free Cash Flow ETF’s previous dividend of $0.03.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ocean Park Asset Management LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at about $691,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in VictoryShares Free Cash Flow ETF by 0.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 55,246 shares of the company’s stock worth $2,528,000 after purchasing an additional 490 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in VictoryShares Free Cash Flow ETF by 14.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 57,365 shares of the company’s stock worth $2,624,000 after buying an additional 7,321 shares in the last quarter. RVW Wealth LLC raised its holdings in shares of VictoryShares Free Cash Flow ETF by 1.8% during the 2nd quarter. RVW Wealth LLC now owns 1,018,265 shares of the company’s stock worth $46,586,000 after acquiring an additional 17,647 shares during the period. Finally, Mechanics Bank Trust Department raised its stake in VictoryShares Free Cash Flow ETF by 13.8% during the second quarter. Mechanics Bank Trust Department now owns 87,002 shares of the company’s stock worth $3,980,000 after purchasing an additional 10,543 shares during the period.

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.