Summit Asset Management LLC Buys 13,445 Shares of VictoryShares Free Cash Flow ETF $VFLO

Summit Asset Management LLC lifted its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,741 shares of the company’s stock after purchasing an additional 13,445 shares during the quarter. Summit Asset Management LLC owned 0.05% of VictoryShares Free Cash Flow ETF worth $3,022,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Comprehensive Financial Planning Inc. PA raised its stake in shares of VictoryShares Free Cash Flow ETF by 0.7% during the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 44,845 shares of the company’s stock valued at $1,682,000 after purchasing an additional 309 shares during the period. AE Wealth Management LLC raised its stake in shares of VictoryShares Free Cash Flow ETF by 0.8% during the 3rd quarter. AE Wealth Management LLC now owns 47,134 shares of the company’s stock valued at $1,768,000 after purchasing an additional 366 shares during the period. Private Trust Co. NA raised its stake in shares of VictoryShares Free Cash Flow ETF by 4.7% during the 4th quarter. Private Trust Co. NA now owns 13,275 shares of the company’s stock valued at $523,000 after purchasing an additional 600 shares during the period. Kingdom Financial Group LLC. bought a new position in VictoryShares Free Cash Flow ETF in the 4th quarter worth about $25,000. Finally, PFG Investments LLC increased its stake in VictoryShares Free Cash Flow ETF by 7.5% in the 3rd quarter. PFG Investments LLC now owns 9,569 shares of the company’s stock worth $359,000 after acquiring an additional 671 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Up 2.0%

Shares of NASDAQ VFLO opened at $44.18 on Friday. The firm has a market capitalization of $7.01 billion, a P/E ratio of 13.70 and a beta of 0.80. The stock’s 50-day simple moving average is $41.08 and its two-hundred day simple moving average is $40.00. VictoryShares Free Cash Flow ETF has a twelve month low of $33.34 and a twelve month high of $44.27.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were paid a $0.0134 dividend. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, May 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.