Correct Capital Wealth Management Has $35.13 Million Holdings in VictoryShares Free Cash Flow ETF $VFLO

Correct Capital Wealth Management lowered its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 18.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 936,738 shares of the company’s stock after selling 218,506 shares during the quarter. VictoryShares Free Cash Flow ETF accounts for about 4.9% of Correct Capital Wealth Management’s investment portfolio, making the stock its 7th largest position. Correct Capital Wealth Management’s holdings in VictoryShares Free Cash Flow ETF were worth $35,128,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in VFLO. Ameritas Advisory Services LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the second quarter worth approximately $36,000. Geneos Wealth Management Inc. increased its position in VictoryShares Free Cash Flow ETF by 187.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after acquiring an additional 750 shares during the period. Visionary Wealth Advisors acquired a new position in VictoryShares Free Cash Flow ETF during the 2nd quarter valued at $215,000. Global Assets Advisory LLC bought a new stake in VictoryShares Free Cash Flow ETF in the 3rd quarter valued at $234,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in VictoryShares Free Cash Flow ETF in the 2nd quarter worth $242,000.

VictoryShares Free Cash Flow ETF Stock Performance

NASDAQ:VFLO opened at $40.43 on Friday. The firm’s 50-day moving average is $39.67 and its 200-day moving average is $38.00. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 13.70 and a beta of 0.91. VictoryShares Free Cash Flow ETF has a 52-week low of $29.48 and a 52-week high of $40.67.

VictoryShares Free Cash Flow ETF Increases Dividend

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

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.