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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) hit a new 52-week high on Thursday . The company traded as high as $36.37 and last traded at $36.37, with a volume of 129727 shares trading hands. The stock had previously closed at $35.85.

VictoryShares Free Cash Flow ETF Stock Up 0.6 %

The company has a fifty day moving average price of $33.90 and a two-hundred day moving average price of $32.39. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 13.10 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.0053 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.06 annualized dividend and a dividend yield of 0.17%.

Institutional Trading of VictoryShares Free Cash Flow ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VFLO. MML Investors Services LLC raised its stake in shares of VictoryShares Free Cash Flow ETF by 6.4% during the third quarter. MML Investors Services LLC now owns 141,831 shares of the company’s stock worth $4,723,000 after purchasing an additional 8,535 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of VictoryShares Free Cash Flow ETF by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 31,728 shares of the company’s stock worth $1,057,000 after acquiring an additional 10,235 shares during the period. HighTower Advisors LLC boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 51.7% in the third quarter. HighTower Advisors LLC now owns 96,870 shares of the company’s stock valued at $3,226,000 after acquiring an additional 33,006 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of VictoryShares Free Cash Flow ETF by 37.4% during the third quarter. Hilltop Holdings Inc. now owns 33,693 shares of the company’s stock worth $1,122,000 after acquiring an additional 9,177 shares during the period. Finally, Tradition Wealth Management LLC raised its holdings in VictoryShares Free Cash Flow ETF by 34.6% during the third quarter. Tradition Wealth Management LLC now owns 52,163 shares of the company’s stock worth $1,737,000 after purchasing an additional 13,419 shares in 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.