VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Announces $0.02 Monthly Dividend

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) declared a monthly dividend on Wednesday, July 8th, NASDAQ Dividends reports. Investors of record on Thursday, July 9th will be given a dividend of 0.0249 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th.

VictoryShares Free Cash Flow ETF Trading Up 0.6%

NASDAQ VFLO traded up $0.27 on Thursday, hitting $47.33. 1,331,942 shares of the company were exchanged, compared to its average volume of 1,033,608. The firm has a 50 day moving average of $44.98 and a two-hundred day moving average of $41.77. The company has a market cap of $8.07 billion, a P/E ratio of 13.70 and a beta of 0.85. VictoryShares Free Cash Flow ETF has a 1-year low of $34.11 and a 1-year high of $48.24.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Institutional investors have recently modified their holdings of the stock. Sei Investments Co. lifted its stake in VictoryShares Free Cash Flow ETF by 4.1% in the first quarter. Sei Investments Co. now owns 6,903 shares of the company’s stock valued at $273,000 after buying an additional 275 shares during the period. Private Trust Co. NA grew its position in shares of VictoryShares Free Cash Flow ETF by 4.7% during the 4th quarter. Private Trust Co. NA now owns 13,275 shares of the company’s stock worth $523,000 after buying an additional 600 shares during the period. Assetmark Inc. increased its stake 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 acquiring an additional 602 shares during the last quarter. Kingdom Financial Group LLC. bought a new stake in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at about $25,000. Finally, Cornerstone Wealth Management LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 0.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 92,426 shares of the company’s stock valued at $3,640,000 after acquiring an additional 712 shares during the period.

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.