VictoryShares Free Cash Flow ETF $VFLO Stock Acquired by Ledyard National Bank

Ledyard National Bank lifted its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 543,226 shares of the company’s stock after buying an additional 26,980 shares during the quarter. VictoryShares Free Cash Flow ETF comprises 2.2% of Ledyard National Bank’s portfolio, making the stock its 12th biggest holding. Ledyard National Bank owned 0.25% of VictoryShares Free Cash Flow ETF worth $27,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in VFLO. Bank of America Corp DE boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 10.3% during the 1st 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 last quarter. Envestnet Asset Management Inc. increased its holdings in shares of VictoryShares Free Cash Flow ETF by 3.9% in 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 increased its holdings in shares of VictoryShares Free Cash Flow ETF by 18.0% in 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 increased its holdings in shares of VictoryShares Free Cash Flow ETF by 11.2% in 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 last quarter. Finally, Parallel Advisors LLC lifted its position in shares of VictoryShares Free Cash Flow ETF by 1,319.3% in the first quarter. Parallel Advisors LLC now owns 1,538,447 shares of the company’s stock worth $60,738,000 after buying an additional 1,430,052 shares in the last quarter.

VictoryShares Free Cash Flow ETF Stock Performance

NASDAQ VFLO opened at $54.98 on Friday. The stock has a 50 day moving average price of $53.71 and a 200-day moving average price of $48.42. VictoryShares Free Cash Flow ETF has a one year low of $36.73 and a one year high of $56.44. The company has a market capitalization of $12.09 billion, a P/E ratio of 13.70 and a beta of 0.87.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were issued a dividend of $0.0962 per share. This represents a $1.15 annualized dividend and a yield of 2.1%. The ex-dividend date was Thursday, October 8th. This is a negative change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058.

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.