Advance Capital Management Inc. Trims Stock Position in VictoryShares Free Cash Flow ETF $VFLO

Advance Capital Management Inc. cut its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,642 shares of the company’s stock after selling 4,395 shares during the quarter. VictoryShares Free Cash Flow ETF makes up approximately 0.4% of Advance Capital Management Inc.’s portfolio, making the stock its 22nd largest holding. Advance Capital Management Inc. owned 0.18% of VictoryShares Free Cash Flow ETF worth $7,870,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Allworth Financial LP grew its holdings in VictoryShares Free Cash Flow ETF by 505,519.9% during the 1st quarter. Allworth Financial LP now owns 6,573,059 shares of the company’s stock valued at $215,991,000 after buying an additional 6,571,759 shares during the last quarter. LPL Financial LLC raised its holdings in shares of VictoryShares Free Cash Flow ETF by 85.6% in the first quarter. LPL Financial LLC now owns 7,635,991 shares of the company’s stock worth $261,762,000 after acquiring an additional 3,521,070 shares during the last quarter. Smith Anglin Financial LLC lifted its position in shares of VictoryShares Free Cash Flow ETF by 4,182.0% in the first quarter. Smith Anglin Financial LLC now owns 2,565,838 shares of the company’s stock valued at $87,957,000 after acquiring an additional 2,505,916 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of VictoryShares Free Cash Flow ETF by 58.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,550,812 shares of the company’s stock valued at $190,282,000 after acquiring an additional 2,056,804 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in VictoryShares Free Cash Flow ETF by 133.1% during the 1st quarter. Raymond James Financial Inc. now owns 2,497,102 shares of the company’s stock worth $85,601,000 after purchasing an additional 1,425,715 shares in the last quarter.

VictoryShares Free Cash Flow ETF Trading Down 0.9%

Shares of VFLO stock opened at $37.50 on Monday. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 13.70 and a beta of 0.94. The firm has a 50-day moving average price of $36.04 and a 200 day moving average price of $34.64. VictoryShares Free Cash Flow ETF has a twelve month low of $29.48 and a twelve month high of $37.91.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, September 8th were paid a dividend of $0.1465 per share. The ex-dividend date of this dividend was Monday, September 8th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.00. This represents a c) annualized dividend and a dividend yield of 4.7%.

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.