Mirae Asset Global Investments Co. Ltd. Makes New Investment in VictoryShares Free Cash Flow ETF $VFLO

Mirae Asset Global Investments Co. Ltd. bought a new position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the 3rd quarter, Holdings Channel.com reports. The firm bought 22,000 shares of the company’s stock, valued at approximately $1,126,000.

Other hedge funds also recently made changes to their positions in the company. Intrua Financial LLC increased its stake in shares of VictoryShares Free Cash Flow ETF by 3.2% during the third quarter. Intrua Financial LLC now owns 14,700 shares of the company’s stock worth $752,000 after acquiring an additional 457 shares during the period. Global Assets Advisory LLC lifted its position in VictoryShares Free Cash Flow ETF by 2.1% in the third quarter. Global Assets Advisory LLC now owns 53,546 shares of the company’s stock valued at $2,789,000 after purchasing an additional 1,081 shares during the period. International Assets Investment Management LLC acquired a new stake in VictoryShares Free Cash Flow ETF in the third quarter valued at about $7,678,000. Outlook Wealth Advisors LLC acquired a new stake in VictoryShares Free Cash Flow ETF in the third quarter valued at about $208,000. Finally, D.A. Davidson & CO. purchased a new stake in VictoryShares Free Cash Flow ETF in the 3rd quarter valued at approximately $2,891,000.

VictoryShares Free Cash Flow ETF Stock Performance

NASDAQ VFLO opened at $51.96 on Monday. The business’s 50 day moving average is $53.49 and its two-hundred day moving average is $46.53. VictoryShares Free Cash Flow ETF has a 12-month low of $36.73 and a 12-month high of $56.44. The stock has a market capitalization 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 firm also recently declared a monthly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, November 6th will be issued a $0.0711 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.85 annualized dividend and a dividend yield of 1.6%. This is a decrease from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.0962.

VictoryShares Free Cash Flow ETF 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.