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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw an uptick in trading volume on Tuesday . 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 Stock Performance

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 13.10 and a beta of 0.75. The company’s 50 day simple moving average is $34.20 and its two-hundred day simple moving average is $32.55.

VictoryShares Free Cash Flow ETF Dividend Announcement

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

Institutional Trading of VictoryShares Free Cash Flow ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Advisors LLC purchased a new position in VictoryShares Free Cash Flow ETF in the first quarter valued at about $1,367,000. RVW Wealth LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF during the 2nd quarter worth about $1,014,000. Transform Wealth LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the 2nd quarter valued at about $3,871,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at approximately $2,007,000. Finally, Great Valley Advisor Group Inc. acquired a new position in VictoryShares Free Cash Flow ETF in the second quarter worth approximately $15,449,000.

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.