Cornerstone Wealth Group LLC Invests $7.23 Million in VictoryShares Free Cash Flow ETF $VFLO

Cornerstone Wealth Group LLC bought a new position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 173,014 shares of the company’s stock, valued at approximately $7,232,000.

A number of other institutional investors have also recently bought and sold shares of VFLO. Kingdom Financial Group LLC. acquired a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. raised its stake 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 during the period. Zions Bancorporation National Association UT acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at $52,000. Silver Grove Financial Group Inc. acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at $60,000. Finally, HM Payson & Co. boosted its holdings 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 valued at $97,000 after purchasing an additional 1,450 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Up 1.4%

VFLO stock opened at $46.19 on Friday. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 13.70 and a beta of 0.84. The business has a fifty day simple moving average of $44.17 and a 200-day simple moving average of $41.35. VictoryShares Free Cash Flow ETF has a 52 week low of $34.11 and a 52 week high of $48.24.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.0469 per share. This represents a c) dividend on an annualized basis 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 of this dividend 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.