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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw unusually-strong trading volume on Wednesday . Approximately 1,542,846 shares changed hands during mid-day 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 Trading Down 0.0 %

The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 13.10 and a beta of 0.75. The firm has a 50-day moving average of $33.39 and a two-hundred day moving average of $32.18.

VictoryShares Free Cash Flow ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 8th. Investors of record on Thursday, November 7th were paid 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%.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VFLO. CarsonAllaria Wealth Management Ltd. bought a new position in VictoryShares Free Cash Flow ETF in the 3rd quarter valued at $29,000. FMR LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF in the third quarter valued at about $31,000. Private Trust Co. NA purchased a new position in shares of VictoryShares Free Cash Flow ETF in the third quarter valued at about $67,000. Raleigh Capital Management Inc. purchased a new position in shares of VictoryShares Free Cash Flow ETF in the third quarter valued at about $175,000. Finally, CAP Partners LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF in the third quarter valued at about $213,000.

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.