VictoryShares Free Cash Flow ETF $VFLO Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,662,328 shares of the company’s stock after selling 79,734 shares during the period. VictoryShares Free Cash Flow ETF comprises about 1.2% of Parallel Advisors LLC’s investment portfolio, making the stock its 12th largest position. Parallel Advisors LLC owned 0.72% of VictoryShares Free Cash Flow ETF worth $85,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in VictoryShares Free Cash Flow ETF during the 3rd quarter valued at about $44,000. Assetmark Inc. grew its stake in VictoryShares Free Cash Flow ETF by 80.4% in the 1st quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock worth $53,000 after acquiring an additional 602 shares in the last quarter. Pension & Wealth Management Advisors Inc. grew its stake in VictoryShares Free Cash Flow ETF by 35.9% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,359 shares of the company’s stock worth $70,000 after acquiring an additional 359 shares in the last quarter. Operose Advisors LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF during the second quarter worth approximately $84,000. Finally, Geneos Wealth Management Inc. increased its position in shares of VictoryShares Free Cash Flow ETF by 39.9% during the first quarter. Geneos Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $138,000 after acquiring an additional 1,001 shares during the period.

VictoryShares Free Cash Flow ETF Trading Down 0.8%

Shares of VictoryShares Free Cash Flow ETF stock traded down $0.44 on Friday, hitting $51.96. 4,273,338 shares of the company traded hands, compared to its average volume of 1,501,551. The company has a market cap of $12.03 billion, a PE ratio of 15.63 and a beta of 0.84. The stock’s 50 day moving average price is $53.49 and its 200-day moving average price is $46.53. VictoryShares Free Cash Flow ETF has a 52 week low of $36.73 and a 52 week high of $56.44.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, November 6th will be given a dividend of $0.0711 per share. This is a drop from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.0962. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.85 dividend on an annualized basis and a yield of 1.6%.

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.