IHT Wealth Management LLC Has $6.54 Million Stock Holdings in VictoryShares Free Cash Flow ETF $VFLO

IHT Wealth Management LLC lifted its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 48.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 166,187 shares of the company’s stock after purchasing an additional 54,384 shares during the quarter. IHT Wealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $6,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VFLO. Bank of America Corp DE raised its holdings in shares of 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 valued at $446,098,000 after buying 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 fourth quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after buying an additional 2,158,181 shares during the last quarter. LPL Financial LLC raised its holdings in shares of VictoryShares Free Cash Flow ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock valued at $483,588,000 after buying an additional 1,249,407 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of VictoryShares Free Cash Flow ETF in the second quarter valued at about $35,234,000. Finally, Raymond James Financial Inc. raised its holdings in shares of VictoryShares Free Cash Flow ETF by 37.2% in the second quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock valued at $121,134,000 after buying an additional 929,599 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Down 2.1%

VictoryShares Free Cash Flow ETF stock opened at $45.23 on Thursday. The stock has a 50-day simple moving average of $43.45 and a 200 day simple moving average of $41.05. VictoryShares Free Cash Flow ETF has a 12-month low of $34.11 and a 12-month high of $48.24. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 13.70 and a beta of 0.84.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently declared 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 a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 9th.

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.