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

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw an uptick in trading volume on Wednesday . 1,542,846 shares traded hands during trading, an increase of 565% from the previous session’s volume of 231,915 shares.The stock last traded at $35.77 and had previously closed at $35.73.

VictoryShares Free Cash Flow ETF Price Performance

The firm has a market capitalization of $1.18 billion, a PE ratio of 13.10 and a beta of 0.75. The business has a 50-day simple moving average of $33.46 and a 200-day simple moving average of $32.20.

VictoryShares Free Cash Flow ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 8th. Stockholders 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 dividend yield of 0.18%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Annex Advisory Services LLC bought a new position in shares of VictoryShares Free Cash Flow ETF during the 3rd quarter worth $96,294,000. Miracle Mile Advisors LLC lifted its position in shares of VictoryShares Free Cash Flow ETF by 0.7% during the third quarter. Miracle Mile Advisors LLC now owns 2,670,965 shares of the company’s stock valued at $88,943,000 after buying an additional 17,888 shares during the last quarter. Victory Capital Management Inc. grew its holdings in VictoryShares Free Cash Flow ETF by 1.3% in the third quarter. Victory Capital Management Inc. now owns 2,389,979 shares of the company’s stock worth $79,586,000 after purchasing an additional 30,000 shares during the last quarter. Traphagen Investment Advisors LLC raised its stake in VictoryShares Free Cash Flow ETF by 3.1% in the third quarter. Traphagen Investment Advisors LLC now owns 1,616,914 shares of the company’s stock valued at $53,843,000 after buying an additional 47,932 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its stake in VictoryShares Free Cash Flow ETF by 45.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 726,887 shares of the company’s stock worth $24,205,000 after purchasing an additional 227,236 shares in the last quarter.

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.