VictoryShares Free Cash Flow ETF $VFLO Shares Sold by Allworth Financial LP

Allworth Financial LP reduced its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 28.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,504,123 shares of the company’s stock after selling 1,012,323 shares during the period. Allworth Financial LP owned 1.38% of VictoryShares Free Cash Flow ETF worth $114,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VFLO. Bank of America Corp DE grew its position in shares of 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 acquiring an additional 1,489,192 shares during the last quarter. LPL Financial LLC lifted its position in VictoryShares Free Cash Flow ETF by 11.3% in the 4th quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock valued at $483,588,000 after purchasing an additional 1,249,407 shares during the last quarter. Morgan Stanley boosted its stake in VictoryShares Free Cash Flow ETF by 22.1% during the 4th quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after purchasing an additional 2,158,181 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in VictoryShares Free Cash Flow ETF by 9.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock valued at $291,410,000 after purchasing an additional 659,124 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in VictoryShares Free Cash Flow ETF by 17.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock valued at $245,200,000 after purchasing an additional 921,401 shares during the period.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of NASDAQ:VFLO traded down $1.21 during trading hours on Tuesday, hitting $54.08. The stock had a trading volume of 2,343,592 shares, compared to its average volume of 1,247,883. The stock’s fifty day simple moving average is $50.97 and its 200 day simple moving average is $45.34. VictoryShares Free Cash Flow ETF has a 1-year low of $36.56 and a 1-year high of $56.44. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 13.70 and a beta of 0.84.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were issued a $0.0334 dividend. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.03. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) dividend on an annualized basis and a yield of 0.7%.

VictoryShares Free Cash Flow ETF 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.