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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares saw an uptick in trading volume on Tuesday . 2,514,226 shares traded hands during mid-day trading, an increase of 113% from the previous session’s volume of 1,179,450 shares.The stock last traded at $35.78 and had previously closed at $35.61.

VictoryShares Free Cash Flow ETF Trading Up 0.6 %

The firm’s 50 day simple moving average is $35.05 and its two-hundred day simple moving average is $34.15. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 14.45 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Increases Dividend

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

Institutional Trading of VictoryShares Free Cash Flow ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VFLO. Lifestyle Asset Management Inc. raised its position in shares of VictoryShares Free Cash Flow ETF by 0.8% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 57,278 shares of the company’s stock valued at $1,907,000 after buying an additional 460 shares in the last quarter. DDD Partners LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 1.5% in the 4th quarter. DDD Partners LLC now owns 58,209 shares of the company’s stock valued at $1,984,000 after buying an additional 868 shares in the last quarter. FMR LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 3rd quarter valued at approximately $31,000. SimpliFi Inc. raised its position in shares of VictoryShares Free Cash Flow ETF by 1.8% in the 4th quarter. SimpliFi Inc. now owns 70,610 shares of the company’s stock valued at $2,407,000 after buying an additional 1,275 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at approximately $47,000.

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.