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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $48.40 and last traded at $47.84, with a volume of 1407000 shares changing hands. The stock had previously closed at $48.00.

VictoryShares Free Cash Flow ETF Stock Up 1.5%

The stock has a market cap of $8.52 billion, a P/E ratio of 13.70 and a beta of 0.85. The stock has a fifty day simple moving average of $46.18 and a 200-day simple moving average of $42.43.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vantage Financial Partners LLC grew its stake in VictoryShares Free Cash Flow ETF by 2.3% in the fourth quarter. Vantage Financial Partners LLC now owns 802,562 shares of the company’s stock valued at $31,605,000 after acquiring an additional 18,106 shares during the period. Truist Financial Corp raised its position in shares of VictoryShares Free Cash Flow ETF by 5.1% during the fourth quarter. Truist Financial Corp now owns 296,075 shares of the company’s stock worth $11,659,000 after purchasing an additional 14,257 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 92.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 37,783 shares of the company’s stock valued at $1,488,000 after purchasing an additional 18,154 shares in the last quarter. Ledyard National Bank lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 138.5% during the 4th quarter. Ledyard National Bank now owns 402,353 shares of the company’s stock valued at $15,845,000 after purchasing an additional 233,685 shares in the last quarter. Finally, Traphagen Investment Advisors LLC grew its position in shares of VictoryShares Free Cash Flow ETF by 3.6% in the 4th quarter. Traphagen Investment Advisors LLC now owns 2,392,021 shares of the company’s stock valued at $94,198,000 after purchasing an additional 82,791 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.