Madison Asset Management LLC Purchases 44,071 Shares of VictoryShares Free Cash Flow ETF $VFLO

Madison Asset Management LLC raised its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 78.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 100,307 shares of the company’s stock after buying an additional 44,071 shares during the quarter. Madison Asset Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $3,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VFLO. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 7.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 176,577 shares of the company’s stock worth $6,678,000 after purchasing an additional 12,593 shares during the period. Modern Wealth Management LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF during the second quarter valued at about $35,714,000. D.A. Davidson & CO. acquired a new position in shares of VictoryShares Free Cash Flow ETF during the third quarter valued at about $499,000. Axis Wealth Partners LLC acquired a new stake in VictoryShares Free Cash Flow ETF during the 3rd quarter valued at approximately $2,532,000. Finally, Hudock Inc. acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 3rd quarter valued at about $9,489,000.

VictoryShares Free Cash Flow ETF Stock Performance

VictoryShares Free Cash Flow ETF stock opened at $40.43 on Thursday. The company’s fifty day moving average price is $39.75 and its 200 day moving average price is $38.09. The stock has a market capitalization of $6.05 billion, a P/E ratio of 13.70 and a beta of 0.91. VictoryShares Free Cash Flow ETF has a 1 year low of $29.48 and a 1 year high of $40.67.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were paid a dividend of $0.1502 per share. The ex-dividend date was Thursday, December 11th. This represents a c) annualized dividend and a yield of 4.5%. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02.

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.