VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Large Volume Increase – Still a Buy?

Posted by Stephan Jacobs on Nov 28th, 2024

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 775,864 shares traded hands during trading, an increase of 212% from the previous session’s volume of 248,995 shares.The stock last traded at $36.53 and had previously closed at $36.64.

VictoryShares Free Cash Flow ETF Trading Down 0.5 %

The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 13.10 and a beta of 0.75. The stock has a 50-day simple moving average of $34.20 and a 200-day simple moving average of $32.55.

VictoryShares Free Cash Flow ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 8th. Investors of record on Thursday, November 7th were issued a $0.0053 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.06 annualized dividend and a yield of 0.17%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the 1st quarter valued at about $1,367,000. RVW Wealth LLC bought a new position in VictoryShares Free Cash Flow ETF during the 2nd quarter worth approximately $1,014,000. Transform Wealth LLC bought a new stake in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at approximately $3,871,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the 2nd quarter valued at approximately $2,007,000. Finally, Great Valley Advisor Group Inc. bought a new position in VictoryShares Free Cash Flow ETF during the second quarter worth $15,449,000.

About VictoryShares Free Cash Flow ETF

(Get Free Report)

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.