VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Strong Trading Volume – What’s Next?

by · The Markets Daily

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO – Get Free Report) saw unusually-strong trading volume on Wednesday. Approximately 1,565,932 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 1,420,273 shares. The stock last traded at $54.6970 and had previously closed at $54.74.

VictoryShares Free Cash Flow ETF Price Performance

The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 13.70 and a beta of 0.87. The business has a fifty day moving average price of $53.71 and a 200 day moving average price of $48.42.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were given a dividend of $0.0962 per share. This represents a $1.15 dividend on an annualized basis and a yield of 2.1%. This is a decrease from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. The ex-dividend date of this dividend was Thursday, October 8th.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Large investors have recently bought and sold shares of the stock. Wedbush Securities Inc. acquired a new stake in VictoryShares Free Cash Flow ETF in the 3rd quarter worth $565,000. Curry Webb Wealth Management LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 16.7% during the 3rd quarter. Curry Webb Wealth Management LLC now owns 480,176 shares of the company’s stock worth $24,580,000 after purchasing an additional 68,795 shares during the period. Sepio Capital LP increased its holdings in shares of VictoryShares Free Cash Flow ETF by 0.5% during the 3rd quarter. Sepio Capital LP now owns 548,263 shares of the company’s stock worth $28,066,000 after purchasing an additional 2,603 shares during the period. Ledyard National Bank increased its holdings in shares of VictoryShares Free Cash Flow ETF by 5.2% during the 3rd quarter. Ledyard National Bank now owns 543,226 shares of the company’s stock worth $27,808,000 after purchasing an additional 26,980 shares during the period. Finally, Cushing Capital Partners LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the third quarter valued at about $211,000.

VictoryShares Free Cash Flow ETF Company Profile

(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.

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