VictoryShares Free Cash Flow ETF $VFLO Stock Position Lowered by Correct Capital Wealth Management

Correct Capital Wealth Management cut its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 13.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,155,244 shares of the company’s stock after selling 175,149 shares during the quarter. VictoryShares Free Cash Flow ETF accounts for 6.0% of Correct Capital Wealth Management’s portfolio, making the stock its 5th biggest position. Correct Capital Wealth Management’s holdings in VictoryShares Free Cash Flow ETF were worth $40,838,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VFLO. Ancora Advisors LLC purchased a new position in VictoryShares Free Cash Flow ETF in the 1st quarter worth approximately $33,000. Ameritas Advisory Services LLC bought a new position in shares of VictoryShares Free Cash Flow ETF in the second quarter worth approximately $36,000. Geneos Wealth Management Inc. grew its holdings in shares of VictoryShares Free Cash Flow ETF by 187.5% in 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 last quarter. Belpointe Asset Management LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF in the first quarter worth $203,000. Finally, Financial Security Advisor Inc. purchased a new position in shares of VictoryShares Free Cash Flow ETF in the second quarter worth $225,000.

VictoryShares Free Cash Flow ETF Stock Up 1.4%

Shares of VFLO opened at $38.35 on Wednesday. The stock has a market capitalization of $5.07 billion, a P/E ratio of 13.70 and a beta of 0.91. VictoryShares Free Cash Flow ETF has a twelve month low of $29.48 and a twelve month high of $38.78. The firm has a fifty day simple moving average of $37.68 and a two-hundred day simple moving average of $36.27.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 10th. Stockholders of record on Friday, November 7th were issued a dividend of $0.025 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, November 7th.

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.