Summit Financial LLC Has $15.01 Million Position in VictoryShares Free Cash Flow ETF $VFLO

Summit Financial LLC lowered its position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,252 shares of the company’s stock after selling 16,525 shares during the quarter. Summit Financial LLC owned approximately 0.25% of VictoryShares Free Cash Flow ETF worth $15,014,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. acquired a new stake in VictoryShares Free Cash Flow ETF in the fourth quarter valued at $25,000. Geneos Wealth Management Inc. lifted its stake in VictoryShares Free Cash Flow ETF by 187.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the last quarter. Assetmark Inc. lifted its stake in VictoryShares Free Cash Flow ETF by 285.3% in the third quarter. Assetmark Inc. now owns 1,202 shares of the company’s stock valued at $45,000 after acquiring an additional 890 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in VictoryShares Free Cash Flow ETF in the fourth quarter valued at $52,000. Finally, HM Payson & Co. lifted its stake in VictoryShares Free Cash Flow ETF by 141.5% in the fourth quarter. HM Payson & Co. now owns 2,475 shares of the company’s stock valued at $97,000 after acquiring an additional 1,450 shares during the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VFLO stock opened at $46.29 on Friday. The stock has a market cap of $7.35 billion, a P/E ratio of 13.70 and a beta of 0.84. The company has a fifty day moving average price of $43.08 and a two-hundred day moving average price of $40.87. VictoryShares Free Cash Flow ETF has a one year low of $34.11 and a one year high of $48.24.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.0469 per share. The ex-dividend date was Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01.

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.