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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $48.25 and last traded at $48.20, with a volume of 106222 shares traded. The stock had previously closed at $47.89.

VictoryShares Free Cash Flow ETF Trading Up 0.3%

The stock has a market capitalization of $8.38 billion, a P/E ratio of 13.70 and a beta of 0.85. The firm’s fifty day moving average is $45.60 and its 200-day moving average is $42.10.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.0249 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Kingdom Financial Group LLC. acquired a new stake in VictoryShares Free Cash Flow ETF during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. boosted its stake in 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 worth $39,000 after purchasing an additional 750 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in VictoryShares Free Cash Flow ETF in the fourth quarter worth $52,000. Assetmark Inc. boosted its stake in VictoryShares Free Cash Flow ETF by 80.4% in the first 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. Finally, Silver Grove Financial Group Inc. bought a new stake in shares of 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.