VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Unusually-High Trading Volume

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares saw unusually-strong trading volume on Wednesday . Approximately 348,692 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 183,888 shares.The stock last traded at $31.29 and had previously closed at $31.03.

VictoryShares Free Cash Flow ETF Price Performance

The company has a fifty day moving average of $31.30 and a two-hundred day moving average of $30.82. The stock has a market capitalization of $548.40 million, a P/E ratio of 13.10 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 11th. Investors of record on Wednesday, July 10th were given a dividend of $0.0089 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Wednesday, July 10th.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Several large investors have recently added to or reduced their stakes in VFLO. Miracle Mile Advisors LLC increased its stake in shares of VictoryShares Free Cash Flow ETF by 19.9% during the second quarter. Miracle Mile Advisors LLC now owns 2,653,077 shares of the company’s stock valued at $82,033,000 after acquiring an additional 441,010 shares during the period. Traphagen Investment Advisors LLC grew its position in VictoryShares Free Cash Flow ETF by 4.8% in the second quarter. Traphagen Investment Advisors LLC now owns 1,568,982 shares of the company’s stock worth $48,513,000 after buying an additional 72,113 shares during the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of VictoryShares Free Cash Flow ETF in the second quarter valued at $15,449,000. WBI Investments LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 1st quarter worth $7,173,000. Finally, Commonwealth Equity Services LLC increased its stake in VictoryShares Free Cash Flow ETF by 352.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 186,945 shares of the company’s stock worth $5,780,000 after purchasing an additional 145,630 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.