GeoWealth Management LLC Buys 4,769 Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

GeoWealth Management LLC increased its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 21.1% during the fourth quarter, Holdings Channel reports. The firm owned 27,370 shares of the company’s stock after acquiring an additional 4,769 shares during the period. GeoWealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth about $36,524,000. Stifel Financial Corp lifted its stake in VictoryShares Free Cash Flow ETF by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 31,728 shares of the company’s stock valued at $1,057,000 after purchasing an additional 10,235 shares during the last quarter. FMR LLC bought a new position in VictoryShares Free Cash Flow ETF in the 3rd quarter valued at approximately $31,000. Bank of New York Mellon Corp boosted its position in VictoryShares Free Cash Flow ETF by 46.9% in the fourth quarter. Bank of New York Mellon Corp now owns 12,402 shares of the company’s stock valued at $423,000 after buying an additional 3,961 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of VictoryShares Free Cash Flow ETF by 49.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 12,530 shares of the company’s stock worth $427,000 after buying an additional 4,168 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VFLO opened at $31.78 on Friday. VictoryShares Free Cash Flow ETF has a 52 week low of $29.48 and a 52 week high of $37.04. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 12.24 and a beta of 0.75. The stock has a fifty day moving average of $33.93 and a 200-day moving average of $34.56.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 10th were given a $0.0434 dividend. The ex-dividend date was Thursday, April 10th. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. This represents a $0.52 annualized dividend and a yield of 1.64%.

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.