VictoryShares Free Cash Flow ETF $VFLO Stock: Goldstein Advisors LLC Lowers Stake

Goldstein Advisors LLC cut its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 7.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,131,051 shares of the company’s stock after selling 88,206 shares during the quarter. VictoryShares Free Cash Flow ETF accounts for approximately 5.2% of Goldstein Advisors LLC’s investment portfolio, making the stock its 5th largest position. Goldstein Advisors LLC owned 0.52% of VictoryShares Free Cash Flow ETF worth $57,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VFLO. Bank of America Corp DE raised its stake in VictoryShares Free Cash Flow ETF by 10.3% during the first 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 in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of VictoryShares Free Cash Flow ETF by 3.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,494,324 shares of the company’s stock worth $114,115,000 after buying an additional 94,493 shares during the last quarter. Modern Wealth Management LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 18.0% during the 1st quarter. Modern Wealth Management LLC now owns 2,362,996 shares of the company’s stock valued at $93,740,000 after buying an additional 360,996 shares in the last quarter. Royal Bank of Canada raised its position in shares of VictoryShares Free Cash Flow ETF by 11.2% during the 1st quarter. Royal Bank of Canada now owns 2,143,575 shares of the company’s stock valued at $84,628,000 after buying an additional 215,541 shares in the last quarter. Finally, Krilogy Financial LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 3.7% during the 1st quarter. Krilogy Financial LLC now owns 1,689,273 shares of the company’s stock valued at $69,598,000 after buying an additional 60,489 shares in the last quarter.

VictoryShares Free Cash Flow ETF Trading Up 1.8%

Shares of NASDAQ:VFLO opened at $54.10 on Friday. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 13.70 and a beta of 0.87. VictoryShares Free Cash Flow ETF has a 12 month low of $36.73 and a 12 month high of $56.44. The company has a 50-day moving average price of $53.54 and a 200 day moving average price of $47.89.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were given a dividend of $0.0962 per share. This represents a $1.15 dividend on an annualized basis and a yield of 2.1%. This is a drop from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. The ex-dividend date was Thursday, October 8th.

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.