Kirkwood Financial Services Takes $17.75 Million Position in VictoryShares Free Cash Flow ETF $VFLO

Kirkwood Financial Services bought a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 387,737 shares of the company’s stock, valued at approximately $17,750,000. VictoryShares Free Cash Flow ETF comprises approximately 5.1% of Kirkwood Financial Services’ holdings, making the stock its 7th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kingdom Financial Group LLC. acquired a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. raised its holdings 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 purchasing an additional 750 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in VictoryShares Free Cash Flow ETF during the fourth quarter worth approximately $52,000. Assetmark Inc. lifted its position in shares of VictoryShares Free Cash Flow ETF by 80.4% during the 1st quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock worth $53,000 after buying an additional 602 shares during the last quarter. Finally, Silver Grove Financial Group Inc. purchased a new stake in shares of VictoryShares Free Cash Flow ETF during the 4th quarter worth approximately $60,000.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VictoryShares Free Cash Flow ETF stock opened at $55.29 on Monday. The company has a fifty day simple moving average of $50.79 and a 200-day simple moving average of $45.23. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 13.70 and a beta of 0.84. VictoryShares Free Cash Flow ETF has a 12-month low of $36.56 and a 12-month high of $56.44.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a $0.0334 dividend. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, August 7th.

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.