M.E. Allison & CO. Inc. Invests $232,000 in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

M.E. Allison & CO. Inc. purchased a new stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 6,801 shares of the company’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CarsonAllaria Wealth Management Ltd. acquired a new position in VictoryShares Free Cash Flow ETF in the third quarter valued at about $29,000. FMR LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 3rd quarter valued at approximately $31,000. Private Trust Co. NA bought a new stake in VictoryShares Free Cash Flow ETF during the 3rd quarter worth approximately $67,000. Raleigh Capital Management Inc. acquired a new stake in VictoryShares Free Cash Flow ETF during the 3rd quarter worth approximately $175,000. Finally, Outlook Wealth Advisors LLC bought a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at approximately $213,000.

VictoryShares Free Cash Flow ETF Stock Up 0.3 %

Shares of VFLO stock opened at $35.79 on Tuesday. VictoryShares Free Cash Flow ETF has a 12-month low of $27.58 and a 12-month high of $37.04. The firm has a fifty day moving average of $35.26 and a 200-day moving average of $33.60. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 13.10 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, January 8th were paid a $0.0062 dividend. The ex-dividend date of this dividend was Wednesday, January 8th.

About VictoryShares Free Cash Flow ETF

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.