GK Wealth Management LLC Acquires New Position in VictoryShares Free Cash Flow ETF $VFLO

GK Wealth Management LLC bought a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 26,333 shares of the company’s stock, valued at approximately $1,348,000. VictoryShares Free Cash Flow ETF comprises 0.7% of GK Wealth Management LLC’s holdings, making the stock its 27th largest holding.

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

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VictoryShares Free Cash Flow ETF stock traded down $0.06 during trading hours on Friday, reaching $52.84. The company’s stock had a trading volume of 1,592,697 shares, compared to its average volume of 1,390,401. VictoryShares Free Cash Flow ETF has a one year low of $36.56 and a one year high of $56.44. The company’s 50 day simple moving average is $53.23 and its 200 day simple moving average is $47.40. The stock has a market cap of $11.29 billion, a P/E ratio of 13.70 and a beta of 0.87.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 8th will be paid a dividend of $0.0962 per share. This represents a $1.15 annualized dividend and a yield of 2.2%. This is a negative change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. The ex-dividend date is Thursday, October 8th.

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.