Modern Wealth Management LLC Buys 360,996 Shares of VictoryShares Free Cash Flow ETF $VFLO

Modern Wealth Management LLC raised its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 18.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,362,996 shares of the company’s stock after acquiring an additional 360,996 shares during the period. VictoryShares Free Cash Flow ETF comprises about 1.6% of Modern Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. Modern Wealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $93,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the 1st quarter valued at $737,000. Goldman Sachs Group Inc. bought a new stake in shares of VictoryShares Free Cash Flow ETF in the 1st quarter worth about $4,233,000. Jane Street Group LLC increased its position in shares of VictoryShares Free Cash Flow ETF by 409.5% during the 1st quarter. Jane Street Group LLC now owns 273,489 shares of the company’s stock worth $9,375,000 after purchasing an additional 219,816 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of VictoryShares Free Cash Flow ETF by 187.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in VictoryShares Free Cash Flow ETF by 5,081.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 111,930 shares of the company’s stock valued at $3,957,000 after purchasing an additional 109,770 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Down 0.9%

NASDAQ:VFLO opened at $47.42 on Friday. The firm has a market cap of $8.39 billion, a PE ratio of 13.70 and a beta of 0.85. VictoryShares Free Cash Flow ETF has a 12 month low of $34.11 and a 12 month high of $48.40. The company’s 50-day moving average price is $46.07 and its two-hundred day moving average price is $42.39.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

VictoryShares Free Cash Flow ETF 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.