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

Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw strong trading volume on Friday . 728,469 shares changed hands during mid-day trading, an increase of 37% from the previous session’s volume of 531,678 shares.The stock last traded at $34.50 and had previously closed at $34.50.

VictoryShares Free Cash Flow ETF Price Performance

The stock has a market cap of $2.16 billion, a PE ratio of 14.05 and a beta of 0.75. The company has a 50 day moving average price of $35.26 and a two-hundred day moving average price of $34.49.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, February 7th were issued a dividend of $0.0486 per share. This is a boost from VictoryShares Free Cash Flow ETF’s previous dividend of $0.01. The ex-dividend date was Friday, February 7th.

Institutional Trading of VictoryShares Free Cash Flow ETF

Several large investors have recently modified their holdings of VFLO. DDD Partners LLC boosted its position in VictoryShares Free Cash Flow ETF by 1.5% in the fourth quarter. DDD Partners LLC now owns 58,209 shares of the company’s stock worth $1,984,000 after purchasing an additional 868 shares during the last quarter. FMR LLC purchased a new stake in VictoryShares Free Cash Flow ETF during the third quarter valued at approximately $31,000. SimpliFi Inc. increased its holdings in VictoryShares Free Cash Flow ETF by 1.8% during the fourth 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 during the last quarter. Allworth Financial LP bought a new position in VictoryShares Free Cash Flow ETF in the fourth quarter worth approximately $47,000. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of VictoryShares Free Cash Flow ETF by 7.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 22,231 shares of the company’s stock worth $758,000 after acquiring an additional 1,495 shares during the last quarter.

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.