Independent Financial Group LLC Takes $917,000 Position in VictoryShares Free Cash Flow ETF $VFLO

Independent Financial Group LLC purchased a new position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,232 shares of the company’s stock, valued at approximately $917,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vantage Financial Partners LLC lifted its stake in VictoryShares Free Cash Flow ETF by 2.3% in the fourth quarter. Vantage Financial Partners LLC now owns 802,562 shares of the company’s stock worth $31,605,000 after acquiring an additional 18,106 shares during the period. Truist Financial Corp raised its stake in VictoryShares Free Cash Flow ETF by 5.1% in the fourth quarter. Truist Financial Corp now owns 296,075 shares of the company’s stock worth $11,659,000 after buying an additional 14,257 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in VictoryShares Free Cash Flow ETF by 92.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 37,783 shares of the company’s stock worth $1,488,000 after buying an additional 18,154 shares in the last quarter. Ledyard National Bank lifted its holdings in VictoryShares Free Cash Flow ETF by 138.5% during the fourth quarter. Ledyard National Bank now owns 402,353 shares of the company’s stock worth $15,845,000 after buying an additional 233,685 shares during the period. Finally, Traphagen Investment Advisors LLC lifted its holdings in VictoryShares Free Cash Flow ETF by 3.6% during the fourth quarter. Traphagen Investment Advisors LLC now owns 2,392,021 shares of the company’s stock worth $94,198,000 after buying an additional 82,791 shares during the period.

VictoryShares Free Cash Flow ETF Trading Up 0.0%

Shares of NASDAQ VFLO opened at $47.81 on Tuesday. VictoryShares Free Cash Flow ETF has a 12-month low of $34.11 and a 12-month high of $48.28. The stock’s fifty day simple moving average is $45.77 and its two-hundred day simple moving average is $42.21. The stock has a market capitalization of $8.37 billion, a PE ratio of 13.70 and a beta of 0.85.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a dividend of $0.0249 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th.

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.