Merit Financial Group LLC Grows Stock Holdings in VictoryShares Free Cash Flow ETF $VFLO

Merit Financial Group LLC lifted its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,419,736 shares of the company’s stock after acquiring an additional 85,914 shares during the period. VictoryShares Free Cash Flow ETF accounts for about 0.8% of Merit Financial Group LLC’s portfolio, making the stock its 26th biggest holding. Merit Financial Group LLC owned approximately 1.83% of VictoryShares Free Cash Flow ETF worth $90,740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC bought a new stake in VictoryShares Free Cash Flow ETF in the first quarter worth $737,000. Goldman Sachs Group Inc. purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 1st quarter worth $4,233,000. Jane Street Group LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 409.5% in the 1st quarter. Jane Street Group LLC now owns 273,489 shares of the company’s stock worth $9,375,000 after buying an additional 219,816 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of VictoryShares Free Cash Flow ETF by 187.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter worth approximately $242,000.

VictoryShares Free Cash Flow ETF Stock Performance

NASDAQ VFLO opened at $40.26 on Tuesday. The business’s 50 day moving average price is $39.80 and its 200-day moving average price is $38.21. VictoryShares Free Cash Flow ETF has a fifty-two week low of $29.48 and a fifty-two week high of $40.67. The company has a market cap of $6.03 billion, a P/E ratio of 13.70 and a beta of 0.91.

VictoryShares Free Cash Flow ETF Increases Dividend

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