VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Hits New 52-Week High – Here’s Why

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

VictoryShares Free Cash Flow ETF Stock Performance

The firm’s fifty day simple moving average is $48.46 and its 200 day simple moving average is $43.92. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 13.70 and a beta of 0.82.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were issued a dividend of $0.0334 per share. The ex-dividend date was Friday, August 7th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous dividend of $0.03.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Institutional investors have recently added to or reduced their stakes in the stock. Kingdom Financial Group LLC. bought a new position in VictoryShares Free Cash Flow ETF during the 4th quarter worth about $25,000. Geneos Wealth Management Inc. raised its stake in shares of VictoryShares Free Cash Flow ETF by 187.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $52,000. Assetmark Inc. lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 80.4% in the first quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock valued at $53,000 after purchasing an additional 602 shares in the last quarter. Finally, Silver Grove Financial Group Inc. acquired a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter worth about $60,000.

VictoryShares Free Cash Flow ETF Company Profile

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.