VictoryShares Free Cash Flow ETF $VFLO Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC raised its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 1,319.3% during the first quarter, Holdings Channel.com reports. The firm owned 1,538,447 shares of the company’s stock after purchasing an additional 1,430,052 shares during the quarter. VictoryShares Free Cash Flow ETF makes up 1.1% of Parallel Advisors LLC’s investment portfolio, making the stock its 15th largest position. Parallel Advisors LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $60,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kingdom Financial Group LLC. acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at approximately $25,000. Geneos Wealth Management Inc. lifted its holdings in VictoryShares Free Cash Flow ETF by 187.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of VictoryShares Free Cash Flow ETF during the 4th quarter worth $52,000. Assetmark Inc. increased its holdings in shares of VictoryShares Free Cash Flow ETF by 80.4% in the 1st quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock valued at $53,000 after purchasing an additional 602 shares in the last quarter. Finally, Silver Grove Financial Group Inc. acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $60,000.

VictoryShares Free Cash Flow ETF Trading Up 1.0%

VFLO stock opened at $50.50 on Wednesday. The company has a market cap of $9.18 billion, a P/E ratio of 13.70 and a beta of 0.82. VictoryShares Free Cash Flow ETF has a 52 week low of $34.28 and a 52 week high of $50.67. The company’s 50-day moving average price is $47.06 and its 200 day moving average price is $42.91.

VictoryShares Free Cash Flow ETF Cuts Dividend

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