VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 12-Month High – Here’s Why

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

VictoryShares Free Cash Flow ETF Price Performance

The firm has a market capitalization of $8.38 billion, a P/E ratio of 13.70 and a beta of 0.85. The stock’s 50 day moving average is $45.60 and its two-hundred day moving average is $42.10.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

Institutional Trading of VictoryShares Free Cash Flow ETF

Several institutional investors and hedge funds have recently made changes to their positions in VFLO. Bank of America Corp DE lifted its stake in shares of VictoryShares Free Cash Flow ETF by 10.3% in the 1st quarter. Bank of America Corp DE now owns 15,967,468 shares of the company’s stock valued at $630,396,000 after purchasing an additional 1,489,192 shares during the period. LPL Financial LLC grew its stake in shares of VictoryShares Free Cash Flow ETF by 11.3% during the fourth quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock worth $483,588,000 after purchasing an additional 1,249,407 shares during the period. Morgan Stanley grew its stake in shares of VictoryShares Free Cash Flow ETF by 22.1% during the fourth quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock worth $469,851,000 after purchasing an additional 2,158,181 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in VictoryShares Free Cash Flow ETF by 9.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock valued at $291,410,000 after purchasing an additional 659,124 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in VictoryShares Free Cash Flow ETF by 17.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock valued at $245,200,000 after purchasing an additional 921,401 shares during 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.