HighTower Advisors LLC Increases Stock Holdings in VictoryShares Free Cash Flow ETF $VFLO

HighTower Advisors LLC grew its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 71.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,857,239 shares of the company’s stock after purchasing an additional 1,193,452 shares during the quarter. HighTower Advisors LLC owned approximately 2.16% of VictoryShares Free Cash Flow ETF worth $107,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Bank of America Corp DE raised its stake in VictoryShares Free Cash Flow ETF by 29.5% during the 2nd 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 in the last quarter. Modern Wealth Management LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF during the second quarter worth about $35,714,000. Ameriprise Financial Inc. acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the second quarter worth about $35,234,000. Raymond James Financial Inc. lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 37.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock valued at $121,134,000 after purchasing an additional 929,599 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 14.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,341,983 shares of the company’s stock valued at $224,189,000 after purchasing an additional 791,171 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Up 1.3%

NASDAQ:VFLO opened at $40.26 on Monday. The company has a market capitalization of $6.03 billion, a PE ratio of 13.70 and a beta of 0.91. VictoryShares Free Cash Flow ETF has a 52-week low of $29.48 and a 52-week high of $40.67. The stock’s 50 day moving average price is $39.78 and its 200 day moving average price is $38.17.

VictoryShares Free Cash Flow ETF Increases Dividend

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

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.