M.E. Allison & CO. Inc. Increases Stock Position in VictoryShares Free Cash Flow ETF $VFLO

M.E. Allison & CO. Inc. increased its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 32.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,458 shares of the company’s stock after purchasing an additional 12,158 shares during the quarter. VictoryShares Free Cash Flow ETF accounts for 1.3% of M.E. Allison & CO. Inc.’s portfolio, making the stock its 16th largest position. M.E. Allison & CO. Inc.’s holdings in VictoryShares Free Cash Flow ETF were worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new position in VictoryShares Free Cash Flow ETF in the first quarter worth about $737,000. Goldman Sachs Group Inc. bought a new stake in VictoryShares Free Cash Flow ETF during the first quarter valued at approximately $4,233,000. Jane Street Group LLC grew its position in VictoryShares Free Cash Flow ETF by 409.5% during the first quarter. Jane Street Group LLC now owns 273,489 shares of the company’s stock valued at $9,375,000 after buying an additional 219,816 shares during the period. Geneos Wealth Management Inc. increased its holdings in VictoryShares Free Cash Flow ETF by 187.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after buying an additional 750 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in VictoryShares Free Cash Flow ETF by 5,081.9% during the second quarter. JPMorgan Chase & Co. now owns 111,930 shares of the company’s stock valued at $3,957,000 after buying an additional 109,770 shares during the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VictoryShares Free Cash Flow ETF stock opened at $50.42 on Thursday. The company’s fifty day simple moving average is $47.18 and its 200-day simple moving average is $42.99. The stock has a market capitalization of $9.17 billion, a PE ratio of 13.70 and a beta of 0.82. VictoryShares Free Cash Flow ETF has a 1-year low of $34.28 and a 1-year high of $51.12.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a dividend of $0.0249 per share. The ex-dividend date was Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 0.6%.

VictoryShares Free Cash Flow ETF Company Profile

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.