Triumph Capital Management Grows Stake in VictoryShares Free Cash Flow ETF $VFLO

Triumph Capital Management increased its position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 88.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,512 shares of the company’s stock after buying an additional 88,320 shares during the period. VictoryShares Free Cash Flow ETF accounts for approximately 1.5% of Triumph Capital Management’s investment portfolio, making the stock its 7th biggest holding. Triumph Capital Management’s holdings in VictoryShares Free Cash Flow ETF were worth $8,624,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in VictoryShares Free Cash Flow ETF by 10.3% in the first quarter. Bank of America Corp DE now owns 15,967,468 shares of the company’s stock worth $630,396,000 after acquiring an additional 1,489,192 shares in the last quarter. LPL Financial LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 11.3% during the fourth quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock valued at $483,588,000 after acquiring an additional 1,249,407 shares in the last quarter. Morgan Stanley increased its holdings in shares of VictoryShares Free Cash Flow ETF by 22.1% during the fourth quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after acquiring an additional 2,158,181 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of VictoryShares Free Cash Flow ETF by 9.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock worth $291,410,000 after purchasing an additional 659,124 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 17.4% in the 4th quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock worth $245,200,000 after purchasing an additional 921,401 shares in the last quarter.

VictoryShares Free Cash Flow ETF Trading Down 0.1%

NASDAQ VFLO opened at $55.59 on Tuesday. The company has a market cap of $10.11 billion, a P/E ratio of 13.70 and a beta of 0.82. The company has a fifty day simple moving average of $49.99 and a 200 day simple moving average of $44.80. VictoryShares Free Cash Flow ETF has a 12-month low of $36.56 and a 12-month high of $55.89.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were issued a dividend of $0.0334 per share. This is an increase from VictoryShares Free Cash Flow ETF’s previous dividend of $0.03. The ex-dividend date was Friday, August 7th.

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.