OneAscent Wealth Management LLC Has $4.90 Million Position in VictoryShares Free Cash Flow ETF $VFLO

OneAscent Wealth Management LLC lessened its holdings in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 40.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,684 shares of the company’s stock after selling 89,954 shares during the period. VictoryShares Free Cash Flow ETF accounts for approximately 1.6% of OneAscent Wealth Management LLC’s holdings, making the stock its 9th biggest position. OneAscent Wealth Management LLC owned 0.10% of VictoryShares Free Cash Flow ETF worth $4,901,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VFLO. Bank of America Corp DE increased its stake in shares of VictoryShares Free Cash Flow ETF by 29.5% in the 2nd quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock worth $446,098,000 after acquiring an additional 2,874,353 shares in the last quarter. Allworth Financial LP grew its holdings in VictoryShares Free Cash Flow ETF by 2.0% in the second quarter. Allworth Financial LP now owns 6,704,169 shares of the company’s stock worth $236,992,000 after purchasing an additional 131,110 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of VictoryShares Free Cash Flow ETF by 14.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,341,983 shares of the company’s stock valued at $224,189,000 after purchasing an additional 791,171 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of VictoryShares Free Cash Flow ETF by 37.2% during the second quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock valued at $121,134,000 after purchasing an additional 929,599 shares in the last quarter. Finally, Smith Anglin Financial LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 6.0% during the second quarter. Smith Anglin Financial LLC now owns 2,720,743 shares of the company’s stock valued at $96,178,000 after purchasing an additional 154,905 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Down 0.4%

Shares of VFLO opened at $39.86 on Monday. The stock has a market cap of $5.87 billion, a P/E ratio of 13.70 and a beta of 0.91. The business’s 50 day moving average price is $39.31 and its 200-day moving average price is $37.72. VictoryShares Free Cash Flow ETF has a 52 week low of $29.48 and a 52 week high of $40.67.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were issued a dividend of $0.1502 per share. The ex-dividend date was Thursday, December 11th. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.