Advisory Services Network LLC Invests $642,000 in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Advisory Services Network LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 18,831 shares of the company’s stock, valued at approximately $642,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF during the 3rd quarter worth approximately $31,000. Stifel Financial Corp lifted its position in shares of VictoryShares Free Cash Flow ETF by 47.6% during the 3rd quarter. Stifel Financial Corp now owns 31,728 shares of the company’s stock valued at $1,057,000 after buying an additional 10,235 shares during the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in shares of VictoryShares Free Cash Flow ETF during the 3rd quarter worth $1,039,000. Claro Advisors LLC purchased a new stake in VictoryShares Free Cash Flow ETF in the 4th quarter worth about $397,000. Finally, Smith Anglin Financial LLC raised its stake in VictoryShares Free Cash Flow ETF by 30.6% in the 4th quarter. Smith Anglin Financial LLC now owns 59,922 shares of the company’s stock valued at $2,043,000 after acquiring an additional 14,044 shares during the period.

VictoryShares Free Cash Flow ETF Stock Down 0.3 %

VFLO opened at $31.72 on Wednesday. The firm has a 50-day moving average price of $34.15 and a 200-day moving average price of $34.60. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 12.24 and a beta of 0.75. VictoryShares Free Cash Flow ETF has a twelve month low of $29.48 and a twelve month high of $37.04.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 10th were issued a $0.0434 dividend. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, April 10th.

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.