84,671 Shares of VictoryShares Free Cash Flow ETF $VFLO Purchased by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84,671 shares of the company’s stock, valued at approximately $4,334,000. VictoryShares Free Cash Flow ETF comprises 2.3% of Hidden Cove Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors also recently bought and sold shares of the company. Teamwork Financial Advisors LLC acquired a new position in VictoryShares Free Cash Flow ETF in the 3rd quarter valued at about $21,756,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the 3rd quarter worth approximately $410,000. Optivise Advisory Services LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 9.4% during the 3rd quarter. Optivise Advisory Services LLC now owns 37,345 shares of the company’s stock worth $1,912,000 after buying an additional 3,217 shares during the last quarter. WealthBridge Capital Management LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 121.6% during the 3rd quarter. WealthBridge Capital Management LLC now owns 10,829 shares of the company’s stock worth $554,000 after buying an additional 5,942 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. increased its holdings in shares of VictoryShares Free Cash Flow ETF by 35.9% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 1,359 shares of the company’s stock worth $70,000 after buying an additional 359 shares during the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VFLO stock traded up $0.12 during trading on Monday, hitting $54.13. 2,316,426 shares of the stock traded hands, compared to its average volume of 1,414,751. The firm has a market capitalization of $11.82 billion, a P/E ratio of 13.70 and a beta of 0.87. The firm’s fifty day moving average price is $53.59 and its 200-day moving average price is $48.00. VictoryShares Free Cash Flow ETF has a 52-week low of $36.73 and a 52-week high of $56.44.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were given a $0.0962 dividend. The ex-dividend date was Thursday, October 8th. This is a negative change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. This represents a $1.15 annualized dividend and a 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.