VictoryShares Free Cash Flow ETF $VFLO Stock Purchased by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC increased its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 29.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,393 shares of the company’s stock after buying an additional 29,532 shares during the period. Cornerstone Wealth Management LLC owned 0.06% of VictoryShares Free Cash Flow ETF worth $6,675,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Elm3 Financial Group LLC lifted its position in shares of VictoryShares Free Cash Flow ETF by 5.7% during the third quarter. Elm3 Financial Group LLC now owns 4,621 shares of the company’s stock worth $237,000 after acquiring an additional 249 shares in the last quarter. Sei Investments Co. grew its position in shares of VictoryShares Free Cash Flow ETF by 4.1% in the first quarter. Sei Investments Co. now owns 6,903 shares of the company’s stock valued at $273,000 after purchasing an additional 275 shares in the last quarter. Pension & Wealth Management Advisors Inc. raised its stake in shares of VictoryShares Free Cash Flow ETF by 35.9% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,359 shares of the company’s stock valued at $70,000 after purchasing an additional 359 shares during the period. Intrua Financial LLC raised its stake in shares of VictoryShares Free Cash Flow ETF by 3.2% during the 3rd quarter. Intrua Financial LLC now owns 14,700 shares of the company’s stock valued at $752,000 after purchasing an additional 457 shares during the period. Finally, Comprehensive Financial Planning Inc. PA lifted its holdings in VictoryShares Free Cash Flow ETF by 1.1% during the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 43,277 shares of the company’s stock worth $1,980,000 after purchasing an additional 471 shares in the last quarter.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VFLO opened at $52.77 on Wednesday. VictoryShares Free Cash Flow ETF has a 52-week low of $36.73 and a 52-week high of $56.44. The stock’s 50-day simple moving average is $53.38 and its 200 day simple moving average is $46.65. The stock has a market capitalization of $12.24 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 was paid on Monday, November 9th. Stockholders of record on Friday, November 6th were given a $0.0711 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 1.6%. This is a decrease from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.0962. The ex-dividend date was Friday, November 6th.

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.