VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Unusually-High Trading Volume – Still a Buy?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares saw unusually-strong trading volume on Friday . Approximately 728,469 shares traded hands during trading, an increase of 37% from the previous session’s volume of 531,678 shares.The stock last traded at $34.50 and had previously closed at $34.50.

VictoryShares Free Cash Flow ETF Trading Up 0.9 %

The company’s 50-day moving average is $35.26 and its 200 day moving average is $34.49. The stock has a market capitalization of $2.16 billion, a PE ratio of 14.05 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, February 7th were issued a $0.0486 dividend. The ex-dividend date was Friday, February 7th. This is a boost from VictoryShares Free Cash Flow ETF’s previous dividend of $0.01.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC lifted its position in VictoryShares Free Cash Flow ETF by 185.2% during the 4th quarter. LPL Financial LLC now owns 4,114,921 shares of the company’s stock worth $140,278,000 after acquiring an additional 2,672,029 shares during the period. Bank of America Corp DE raised its stake in shares of VictoryShares Free Cash Flow ETF by 109.8% in the fourth quarter. Bank of America Corp DE now owns 4,019,954 shares of the company’s stock worth $137,040,000 after purchasing an additional 2,103,541 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 1.3% during the fourth quarter. Victory Capital Management Inc. now owns 2,420,071 shares of the company’s stock worth $82,500,000 after purchasing an additional 30,092 shares during the period. Envestnet Asset Management Inc. boosted its position in VictoryShares Free Cash Flow ETF by 80.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,871,045 shares of the company’s stock valued at $63,784,000 after buying an additional 831,712 shares during the last quarter. Finally, Traphagen Investment Advisors LLC increased its holdings in VictoryShares Free Cash Flow ETF by 2.7% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,659,799 shares of the company’s stock worth $56,583,000 after buying an additional 42,885 shares during the period.

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.