Maridea Wealth Management LLC Reduces Holdings in VictoryShares Free Cash Flow ETF $VFLO

Maridea Wealth Management LLC lowered its position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 9.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,980 shares of the company’s stock after selling 14,529 shares during the period. VictoryShares Free Cash Flow ETF makes up approximately 0.8% of Maridea Wealth Management LLC’s portfolio, making the stock its 28th largest position. Maridea Wealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $5,368,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kingdom Financial Group LLC. acquired a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. increased its stake in VictoryShares Free Cash Flow ETF by 187.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after acquiring an additional 750 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in VictoryShares Free Cash Flow ETF during the fourth quarter worth $52,000. Silver Grove Financial Group Inc. purchased a new stake in VictoryShares Free Cash Flow ETF in the fourth quarter valued at $60,000. Finally, HM Payson & Co. raised its position in VictoryShares Free Cash Flow ETF by 141.5% in the fourth quarter. HM Payson & Co. now owns 2,475 shares of the company’s stock valued at $97,000 after purchasing an additional 1,450 shares during the period.

VictoryShares Free Cash Flow ETF Stock Up 1.4%

Shares of VictoryShares Free Cash Flow ETF stock opened at $46.19 on Friday. The firm has a market cap of $7.33 billion, a PE ratio of 13.70 and a beta of 0.84. VictoryShares Free Cash Flow ETF has a 52 week low of $34.11 and a 52 week high of $48.24. The business’s fifty day simple moving average is $44.17 and its 200-day simple moving average is $41.35.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were issued a $0.0469 dividend. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. The ex-dividend date was Tuesday, June 9th. This represents a c) annualized dividend and a yield of 1.2%.

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.