VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Unusually-High Trading Volume – What’s Next?

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw unusually-high trading volume on Tuesday . Approximately 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 0.4 %

The firm has a 50 day simple moving average of $35.09 and a two-hundred day simple moving average of $34.21. The company has a market capitalization of $2.25 billion, a PE ratio of 14.45 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. WBI Investments LLC boosted its stake in shares of VictoryShares Free Cash Flow ETF by 14.4% in the fourth quarter. WBI Investments LLC now owns 267,266 shares of the company’s stock valued at $9,111,000 after buying an additional 33,548 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of VictoryShares Free Cash Flow ETF by 43.6% in the fourth quarter. Royal Bank of Canada now owns 617,224 shares of the company’s stock valued at $21,041,000 after buying an additional 187,352 shares in the last quarter. Napa Wealth Management purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at approximately $1,528,000. Cetera Investment Advisers boosted its stake in shares of VictoryShares Free Cash Flow ETF by 152.0% in the fourth quarter. Cetera Investment Advisers now owns 224,208 shares of the company’s stock valued at $7,643,000 after buying an additional 135,249 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of VictoryShares Free Cash Flow ETF by 109.8% in the fourth quarter. Bank of America Corp DE now owns 4,019,954 shares of the company’s stock valued at $137,040,000 after buying an additional 2,103,541 shares in 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.