VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Large Volume Increase After Dividend Announcement

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) shares saw unusually-high trading volume on Wednesday following a dividend announcement from the company. Approximately 532,198 shares changed hands during trading, an increase of 106% from the previous session’s volume of 258,105 shares.The stock last traded at $35.52 and had previously closed at $35.47.

The newly announced dividend which will be paid on Friday, December 13th. Shareholders of record on Thursday, December 12th will be paid a $0.0929 dividend. The ex-dividend date is Thursday, December 12th.

VictoryShares Free Cash Flow ETF Trading Down 0.6 %

The stock has a fifty day simple moving average of $34.85 and a two-hundred day simple moving average of $32.90. The firm has a market cap of $1.16 billion, a PE ratio of 13.10 and a beta of 0.75.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several hedge funds have recently bought and sold shares of the company. Annex Advisory Services LLC purchased a new stake in VictoryShares Free Cash Flow ETF in the 3rd quarter worth approximately $96,294,000. Sanctuary Advisors LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the third quarter worth $26,671,000. StoneX Group Inc. raised its position in shares of VictoryShares Free Cash Flow ETF by 1,903.2% in the third quarter. StoneX Group Inc. now owns 481,324 shares of the company’s stock worth $16,028,000 after buying an additional 457,296 shares in the last quarter. Astor Investment Management LLC bought a new stake in VictoryShares Free Cash Flow ETF during the third quarter valued at $8,712,000. Finally, Envestnet Asset Management Inc. purchased a new position in VictoryShares Free Cash Flow ETF during the second quarter worth about $7,873,000.

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.