VictoryShares Free Cash Flow ETF $VFLO Stock Sold by Landmark Wealth Management LLC

Landmark Wealth Management LLC reduced its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 11.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 381,107 shares of the company’s stock after selling 50,758 shares during the period. VictoryShares Free Cash Flow ETF accounts for 4.7% of Landmark Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Landmark Wealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $19,509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of 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 valued at $630,396,000 after purchasing an additional 1,489,192 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of VictoryShares Free Cash Flow ETF by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 2,494,324 shares of the company’s stock worth $114,115,000 after purchasing an additional 94,493 shares during the last quarter. Modern Wealth Management LLC raised its stake in shares of VictoryShares Free Cash Flow ETF by 18.0% during the first quarter. Modern Wealth Management LLC now owns 2,362,996 shares of the company’s stock worth $93,740,000 after purchasing an additional 360,996 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 11.2% during the first quarter. Royal Bank of Canada now owns 2,143,575 shares of the company’s stock worth $84,628,000 after purchasing an additional 215,541 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 1,319.3% during the first quarter. Parallel Advisors LLC now owns 1,538,447 shares of the company’s stock worth $60,738,000 after purchasing an additional 1,430,052 shares during the period.

VictoryShares Free Cash Flow ETF Price Performance

NASDAQ:VFLO opened at $51.96 on Monday. The firm’s fifty day moving average price is $53.49 and its 200 day moving average price is $46.53. VictoryShares Free Cash Flow ETF has a 1-year low of $36.73 and a 1-year high of $56.44. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 15.63 and a beta of 0.84.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently disclosed 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 represents a $0.85 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, November 6th. This is a decrease from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.0962.

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.