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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $43.15 and last traded at $43.07, with a volume of 821270 shares trading hands. The stock had previously closed at $42.67.

VictoryShares Free Cash Flow ETF Stock Performance

The firm has a market cap of $6.83 billion, a P/E ratio of 13.70 and a beta of 0.80. The stock’s fifty day moving average is $40.44 and its two-hundred day moving average is $39.61.

VictoryShares Free Cash Flow ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 9th were issued a $0.0333 dividend. The ex-dividend date of this dividend was Thursday, April 9th.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Kingdom Financial Group LLC. purchased a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. boosted its position 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 valued at $39,000 after acquiring an additional 750 shares during the last quarter. Assetmark Inc. boosted its position in shares of VictoryShares Free Cash Flow ETF by 285.3% during the 3rd quarter. Assetmark Inc. now owns 1,202 shares of the company’s stock valued at $45,000 after acquiring an additional 890 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter worth about $52,000. Finally, Silver Grove Financial Group Inc. purchased a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter worth about $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.