New Wave Wealth Advisors LLC Sells 20,671 Shares of VictoryShares Free Cash Flow ETF $VFLO

New Wave Wealth Advisors LLC decreased its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 64.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,524 shares of the company’s stock after selling 20,671 shares during the period. New Wave Wealth Advisors LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $613,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE lifted its position in shares of VictoryShares Free Cash Flow ETF by 10.3% during the 1st quarter. Bank of America Corp DE now owns 15,967,468 shares of the company’s stock worth $630,396,000 after buying an additional 1,489,192 shares during the last quarter. Parallel Advisors LLC boosted its stake in VictoryShares Free Cash Flow ETF by 1,319.3% in the first quarter. Parallel Advisors LLC now owns 1,538,447 shares of the company’s stock valued at $60,738,000 after buying an additional 1,430,052 shares in the last quarter. Wilkerson Advisory Group LLC acquired a new stake in VictoryShares Free Cash Flow ETF in the first quarter valued at about $23,102,000. Curry Webb Wealth Management LLC bought a new position in VictoryShares Free Cash Flow ETF in the first quarter valued at about $15,459,000. Finally, Kirkwood Financial Services bought a new position in VictoryShares Free Cash Flow ETF in the second quarter valued at about $17,750,000.

VictoryShares Free Cash Flow ETF Trading Up 0.1%

NASDAQ VFLO traded up $0.06 during trading on Monday, hitting $54.06. 1,254,200 shares of the company’s stock were exchanged, compared to its average volume of 1,408,879. The company has a market cap of $11.80 billion, a PE ratio of 13.70 and a beta of 0.87. VictoryShares Free Cash Flow ETF has a fifty-two week low of $36.73 and a fifty-two week high of $56.44. The stock’s 50 day moving average price is $53.59 and its two-hundred day moving average price is $48.00.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were issued a dividend of $0.0962 per share. This is a drop from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $1.15 annualized dividend and a dividend yield of 2.1%.

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.