First American Bank Invests $509,000 in VictoryShares Free Cash Flow ETF $VFLO

First American Bank bought a new stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the 1st quarter, Holdings Channel reports. The fund bought 12,904 shares of the company’s stock, valued at approximately $509,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingdom Financial Group LLC. bought a new stake in VictoryShares Free Cash Flow ETF in the fourth quarter valued at $25,000. Geneos Wealth Management Inc. raised its holdings in VictoryShares Free Cash Flow ETF by 187.5% in the 1st 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 bought a new position in VictoryShares Free Cash Flow ETF in the 4th quarter worth $52,000. Silver Grove Financial Group Inc. purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the 4th quarter worth about $60,000. Finally, HM Payson & Co. lifted its position in shares of VictoryShares Free Cash Flow ETF by 141.5% in the 4th quarter. HM Payson & Co. now owns 2,475 shares of the company’s stock worth $97,000 after purchasing an additional 1,450 shares during the period.

VictoryShares Free Cash Flow ETF Trading Up 0.1%

Shares of VFLO opened at $45.55 on Friday. The firm’s 50-day moving average price is $44.07 and its 200-day moving average price is $41.31. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 13.70 and a beta of 0.84. VictoryShares Free Cash Flow ETF has a 1-year low of $34.11 and a 1-year high of $48.24.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were issued a $0.0469 dividend. This represents a c) annualized dividend and a yield of 1.2%. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. The ex-dividend date was Tuesday, June 9th.

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.