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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw unusually-strong trading volume on Wednesday . Approximately 1,542,846 shares traded 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 Stock Down 0.5 %

The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 13.10 and a beta of 0.75. The stock’s 50 day moving average price is $33.46 and its two-hundred day moving average price is $32.20.

VictoryShares Free Cash Flow ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 8th. Investors of record on Thursday, November 7th were issued a dividend of $0.0053 per share. This represents a $0.06 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend was Thursday, November 7th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VFLO. Cetera Advisors LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF during the 1st quarter valued at approximately $1,367,000. RVW Wealth LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at about $1,014,000. Transform Wealth LLC acquired a new position in VictoryShares Free Cash Flow ETF in the 2nd quarter worth about $3,871,000. Wealth Enhancement Advisory Services LLC purchased a new position in VictoryShares Free Cash Flow ETF during the second quarter worth approximately $2,007,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in VictoryShares Free Cash Flow ETF in the second quarter valued at approximately $15,449,000.

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.