Foundations Investment Advisors LLC Acquires 127,048 Shares of VictoryShares Free Cash Flow ETF $VFLO

Foundations Investment Advisors LLC increased its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 62.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 329,625 shares of the company’s stock after buying an additional 127,048 shares during the quarter. Foundations Investment Advisors LLC owned 0.25% of VictoryShares Free Cash Flow ETF worth $12,361,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in VictoryShares Free Cash Flow ETF by 29.5% in the second quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock valued at $446,098,000 after acquiring an additional 2,874,353 shares during the last quarter. Allworth Financial LP lifted its stake in VictoryShares Free Cash Flow ETF by 2.0% in the second quarter. Allworth Financial LP now owns 6,704,169 shares of the company’s stock valued at $236,992,000 after purchasing an additional 131,110 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in VictoryShares Free Cash Flow ETF by 14.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,341,983 shares of the company’s stock valued at $224,189,000 after purchasing an additional 791,171 shares during the last quarter. Raymond James Financial Inc. grew its holdings in VictoryShares Free Cash Flow ETF by 37.2% during the second quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock valued at $121,134,000 after purchasing an additional 929,599 shares during the period. Finally, Merit Financial Group LLC increased its position in VictoryShares Free Cash Flow ETF by 3.7% in the third quarter. Merit Financial Group LLC now owns 2,419,780 shares of the company’s stock worth $90,742,000 after buying an additional 85,958 shares during the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VFLO opened at $39.69 on Thursday. VictoryShares Free Cash Flow ETF has a 1 year low of $29.48 and a 1 year high of $40.67. The stock’s fifty day moving average price is $39.45 and its two-hundred day moving average price is $37.79. The firm has a market cap of $5.85 billion, a PE ratio of 13.70 and a beta of 0.91.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were given a $0.1502 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Thursday, December 11th.

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.