VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sets New 12-Month Low – Here’s Why

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) reached a new 52-week low during trading on Monday . The stock traded as low as $29.51 and last traded at $29.58, with a volume of 171174 shares changing hands. The stock had previously closed at $30.95.

VictoryShares Free Cash Flow ETF Stock Down 2.3 %

The firm has a market capitalization of $3.01 billion, a PE ratio of 14.26 and a beta of 0.75. The company’s 50-day simple moving average is $34.94 and its 200 day simple moving average is $34.73.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 10th were paid a $0.0638 dividend. This is an increase from VictoryShares Free Cash Flow ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Monday, March 10th.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Large investors have recently made changes to their positions in the business. FMR LLC purchased a new position in VictoryShares Free Cash Flow ETF during the 3rd quarter worth $31,000. HighTower Advisors LLC boosted its holdings in VictoryShares Free Cash Flow ETF by 51.7% in the third quarter. HighTower Advisors LLC now owns 96,870 shares of the company’s stock worth $3,226,000 after acquiring an additional 33,006 shares in the last quarter. Stifel Financial Corp grew its stake in shares of VictoryShares Free Cash Flow ETF by 47.6% during the third quarter. Stifel Financial Corp now owns 31,728 shares of the company’s stock worth $1,057,000 after acquiring an additional 10,235 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 6.4% during the third quarter. MML Investors Services LLC now owns 141,831 shares of the company’s stock valued at $4,723,000 after acquiring an additional 8,535 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 3rd quarter valued at approximately $1,039,000.

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.