VictoryShares Free Cash Flow ETF $VFLO Shares Acquired by Trademark Financial Management LLC

Trademark Financial Management LLC lifted its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 20.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 62,074 shares of the company’s stock after buying an additional 10,669 shares during the quarter. VictoryShares Free Cash Flow ETF comprises about 1.2% of Trademark Financial Management LLC’s portfolio, making the stock its 23rd largest holding. Trademark Financial Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $2,451,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of America Corp DE grew its position in VictoryShares Free Cash Flow ETF by 7.2% in the 3rd quarter. Bank of America Corp DE now owns 13,531,911 shares of the company’s stock valued at $507,447,000 after buying an additional 912,446 shares during the last quarter. LPL Financial LLC raised its position in VictoryShares Free Cash Flow ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock worth $483,588,000 after buying an additional 1,249,407 shares during the last quarter. Morgan Stanley lifted its stake in shares of VictoryShares Free Cash Flow ETF by 22.1% in the 4th quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock worth $469,851,000 after acquiring an additional 2,158,181 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VictoryShares Free Cash Flow ETF by 9.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock worth $291,410,000 after acquiring an additional 659,124 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 17.4% in the fourth quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock valued at $245,200,000 after acquiring an additional 921,401 shares in the last quarter.

VictoryShares Free Cash Flow ETF Stock Up 1.7%

Shares of VictoryShares Free Cash Flow ETF stock opened at $47.00 on Friday. VictoryShares Free Cash Flow ETF has a 52-week low of $34.11 and a 52-week high of $48.24. The company’s 50-day simple moving average is $44.54 and its 200-day simple moving average is $41.55. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 13.70 and a beta of 0.85.

VictoryShares Free Cash Flow ETF Increases Dividend

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

VictoryShares Free Cash Flow ETF Company 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.