Whittier Trust Co. of Nevada Inc. Invests $753,000 in VictoryShares Free Cash Flow ETF $VFLO

Whittier Trust Co. of Nevada Inc. bought a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the first quarter, Holdings Channel.com reports. The fund bought 18,836 shares of the company’s stock, valued at approximately $753,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in VictoryShares Free Cash Flow ETF by 29.5% in the second quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock worth $446,098,000 after acquiring an additional 2,874,353 shares during the last quarter. Morgan Stanley raised its holdings in shares of VictoryShares Free Cash Flow ETF by 22.1% in the 4th quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after purchasing an additional 2,158,181 shares in the last quarter. LPL Financial LLC lifted its position in shares of VictoryShares Free Cash Flow ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock worth $483,588,000 after purchasing an additional 1,249,407 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of VictoryShares Free Cash Flow ETF during the 2nd quarter worth $35,234,000. Finally, Raymond James Financial Inc. grew its stake in shares of VictoryShares Free Cash Flow ETF by 37.2% during the second quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock worth $121,134,000 after purchasing an additional 929,599 shares in the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

NASDAQ:VFLO opened at $47.46 on Wednesday. The firm has a market capitalization of $8.09 billion, a PE ratio of 13.70 and a beta of 0.85. The business’s fifty day moving average price is $44.87 and its 200 day moving average price is $41.71. VictoryShares Free Cash Flow ETF has a 12 month low of $34.11 and a 12 month high of $48.24.

VictoryShares Free Cash Flow ETF Increases Dividend

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

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.