Sowa Financial Group Inc. Takes Position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Sowa Financial Group Inc. purchased a new stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the first quarter, Holdings Channel reports. The institutional investor purchased 11,102 shares of the company’s stock, valued at approximately $381,000. VictoryShares Free Cash Flow ETF makes up approximately 0.3% of Sowa Financial Group Inc.’s investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Burkett Financial Services LLC purchased a new position in VictoryShares Free Cash Flow ETF in the first quarter valued at about $45,000. Allworth Financial LP purchased a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $47,000. Jones Financial Companies Lllp purchased a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $59,000. Kestra Investment Management LLC purchased a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $62,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $130,000.

VictoryShares Free Cash Flow ETF Price Performance

Shares of NASDAQ:VFLO opened at $35.30 on Friday. VictoryShares Free Cash Flow ETF has a fifty-two week low of $29.48 and a fifty-two week high of $37.04. The business has a 50-day moving average of $33.28 and a two-hundred day moving average of $34.41. The stock has a market capitalization of $3.82 billion, a P/E ratio of 13.42 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, June 9th were given a dividend of $0.0796 per share. This represents a $0.95 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Monday, June 9th. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.00.

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.