Modern Wealth Management LLC Buys 682,133 Shares of VictoryShares Free Cash Flow ETF $VFLO

Modern Wealth Management LLC raised its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 67.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,694,698 shares of the company’s stock after buying an additional 682,133 shares during the quarter. VictoryShares Free Cash Flow ETF accounts for about 1.3% of Modern Wealth Management LLC’s portfolio, making the stock its 14th largest position. Modern Wealth Management LLC owned approximately 1.28% of VictoryShares Free Cash Flow ETF worth $63,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of VictoryShares Free Cash Flow ETF in the 1st quarter valued at about $737,000. Goldman Sachs Group Inc. acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the 1st quarter valued at approximately $4,233,000. Jane Street Group LLC boosted its stake in VictoryShares Free Cash Flow ETF by 409.5% during the 1st quarter. Jane Street Group LLC now owns 273,489 shares of the company’s stock worth $9,375,000 after acquiring an additional 219,816 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in VictoryShares Free Cash Flow ETF by 187.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after acquiring an additional 750 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in VictoryShares Free Cash Flow ETF by 14.6% during the second quarter. Moors & Cabot Inc. now owns 10,980 shares of the company’s stock valued at $388,000 after purchasing an additional 1,401 shares during the period.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of NASDAQ:VFLO opened at $40.11 on Friday. The company has a 50 day moving average price of $39.96 and a two-hundred day moving average price of $38.66. The company has a market capitalization of $6.01 billion, a PE ratio of 13.70 and a beta of 0.91. VictoryShares Free Cash Flow ETF has a 52 week low of $29.48 and a 52 week high of $40.74.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were issued a $0.1502 dividend. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.