Western Wealth Management LLC Has $7.92 Million Position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Western Wealth Management LLC boosted its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,147 shares of the company’s stock after acquiring an additional 9,398 shares during the period. Western Wealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $7,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. increased its position in shares of VictoryShares Free Cash Flow ETF by 15.4% in the first quarter. Lloyd Advisory Services LLC. now owns 8,221 shares of the company’s stock worth $282,000 after purchasing an additional 1,096 shares during the period. Allworth Financial LP acquired a new stake in VictoryShares Free Cash Flow ETF during the fourth quarter worth about $47,000. Burkett Financial Services LLC bought a new position in VictoryShares Free Cash Flow ETF in the 1st quarter valued at about $45,000. Outlook Wealth Advisors LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 24.3% in the 1st quarter. Outlook Wealth Advisors LLC now owns 7,764 shares of the company’s stock valued at $266,000 after buying an additional 1,519 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in shares of VictoryShares Free Cash Flow ETF during the 4th quarter worth approximately $59,000.

VictoryShares Free Cash Flow ETF Trading Down 0.8%

NASDAQ VFLO opened at $34.87 on Thursday. The firm’s 50 day simple moving average is $33.93 and its 200 day simple moving average is $34.32. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 13.58 and a beta of 0.94. VictoryShares Free Cash Flow ETF has a 1 year low of $29.48 and a 1 year high of $37.04.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, June 9th were paid a $0.0796 dividend. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.00. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.95 annualized dividend and a dividend yield of 2.74%.

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.