Belpointe Asset Management LLC Raises Holdings in VictoryShares Free Cash Flow ETF $VFLO

Belpointe Asset Management LLC grew its position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 65.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,791 shares of the company’s stock after buying an additional 3,867 shares during the period. Belpointe Asset Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $346,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in VictoryShares Free Cash Flow ETF by 85.6% during the 1st quarter. LPL Financial LLC now owns 7,635,991 shares of the company’s stock worth $261,762,000 after purchasing an additional 3,521,070 shares in the last quarter. Allworth Financial LP lifted its holdings in VictoryShares Free Cash Flow ETF by 505,519.9% during the 1st quarter. Allworth Financial LP now owns 6,573,059 shares of the company’s stock worth $215,991,000 after purchasing an additional 6,571,759 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in VictoryShares Free Cash Flow ETF by 58.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,550,812 shares of the company’s stock worth $190,282,000 after purchasing an additional 2,056,804 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in VictoryShares Free Cash Flow ETF by 49.0% during the 1st quarter. Victory Capital Management Inc. now owns 3,606,250 shares of the company’s stock worth $123,622,000 after purchasing an additional 1,186,179 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its holdings in VictoryShares Free Cash Flow ETF by 35.7% during the 2nd quarter. Annex Advisory Services LLC now owns 3,173,134 shares of the company’s stock worth $112,170,000 after purchasing an additional 834,478 shares in the last quarter.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VFLO opened at $36.58 on Friday. The stock’s 50-day simple moving average is $36.86 and its 200 day simple moving average is $35.05. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 13.70 and a beta of 0.94. VictoryShares Free Cash Flow ETF has a 52-week low of $29.48 and a 52-week high of $38.22.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, October 9th were issued a $0.0395 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a c) annualized dividend and a dividend yield of 1.3%.

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.