VictoryShares Free Cash Flow ETF $VFLO Shares Purchased by Madison Asset Management LLC

Madison Asset Management LLC raised its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 8.8% in the 1st quarter, Holdings Channel reports. The fund owned 476,720 shares of the company’s stock after acquiring an additional 38,754 shares during the quarter. Madison Asset Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $18,821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in VFLO. Bank of America Corp DE increased its holdings in shares of VictoryShares Free Cash Flow ETF by 7.2% in the third quarter. Bank of America Corp DE now owns 13,531,911 shares of the company’s stock valued at $507,447,000 after purchasing an additional 912,446 shares during the period. LPL Financial LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 11.3% during the fourth quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock worth $483,588,000 after purchasing an additional 1,249,407 shares during the period. Morgan Stanley lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 22.1% during the fourth quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock worth $469,851,000 after purchasing an additional 2,158,181 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 9.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock worth $291,410,000 after purchasing an additional 659,124 shares during the period. Finally, Wells Fargo & Company MN grew its position in VictoryShares Free Cash Flow ETF by 17.4% in the 4th quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock valued at $245,200,000 after buying an additional 921,401 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VFLO opened at $47.81 on Tuesday. The stock has a market capitalization of $8.37 billion, a P/E ratio of 13.70 and a beta of 0.85. The company’s fifty day moving average is $45.77 and its two-hundred day moving average is $42.21. VictoryShares Free Cash Flow ETF has a 1 year low of $34.11 and a 1 year high of $48.28.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were issued a $0.0249 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 0.6%.

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.