VictoryShares Free Cash Flow ETF $VFLO Shares Sold by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC lowered its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 64.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,524 shares of the company’s stock after selling 20,671 shares during the period. New Wave Wealth Advisors LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $613,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VFLO. Investment Research & Advisory Group Inc. acquired a new stake in VictoryShares Free Cash Flow ETF during the third quarter worth about $410,000. Optivise Advisory Services LLC increased its holdings in VictoryShares Free Cash Flow ETF by 9.4% in the 3rd quarter. Optivise Advisory Services LLC now owns 37,345 shares of the company’s stock valued at $1,912,000 after buying an additional 3,217 shares during the period. WealthBridge Capital Management LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 121.6% in the 3rd quarter. WealthBridge Capital Management LLC now owns 10,829 shares of the company’s stock valued at $554,000 after buying an additional 5,942 shares in the last quarter. Pension & Wealth Management Advisors Inc. raised its position in shares of VictoryShares Free Cash Flow ETF by 35.9% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,359 shares of the company’s stock valued at $70,000 after buying an additional 359 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 3rd quarter valued at approximately $3,221,000.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VictoryShares Free Cash Flow ETF stock traded up $0.06 on Monday, reaching $54.06. 1,254,200 shares of the stock were exchanged, compared to its average volume of 1,408,879. The firm’s 50 day moving average is $53.59 and its 200-day moving average is $48.00. VictoryShares Free Cash Flow ETF has a one year low of $36.73 and a one year high of $56.44. The firm has a market cap of $11.80 billion, a PE ratio of 13.70 and a beta of 0.87.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were paid a $0.0962 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 2.1%. This is a negative change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. The ex-dividend date of this dividend was Thursday, October 8th.

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.