Modern Wealth Management LLC Has $63.55 Million Stake in VictoryShares Free Cash Flow ETF $VFLO

Modern Wealth Management LLC grew its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 67.4% in the 3rd quarter, Holdings Channel reports. The fund owned 1,694,698 shares of the company’s stock after purchasing an additional 682,133 shares during the quarter. VictoryShares Free Cash Flow ETF accounts for 1.3% of Modern Wealth Management LLC’s portfolio, making the stock its 14th biggest position. Modern Wealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $63,551,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VFLO. AQR Capital Management LLC bought a new position in shares of VictoryShares Free Cash Flow ETF during the 1st quarter valued at about $737,000. Goldman Sachs Group Inc. bought a new stake in VictoryShares Free Cash Flow ETF during the 1st quarter worth approximately $4,233,000. Jane Street Group LLC increased its stake in VictoryShares Free Cash Flow ETF by 409.5% during the 1st quarter. Jane Street Group LLC now owns 273,489 shares of the company’s stock worth $9,375,000 after purchasing an additional 219,816 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in VictoryShares Free Cash Flow ETF by 187.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after buying an additional 750 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in VictoryShares Free Cash Flow ETF by 14.6% during the 2nd quarter. Moors & Cabot Inc. now owns 10,980 shares of the company’s stock worth $388,000 after buying an additional 1,401 shares during the period.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VFLO opened at $40.11 on Friday. The firm has a market cap of $6.01 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 $40.74. The firm’s 50 day moving average price is $39.96 and its two-hundred day moving average price is $38.66.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were given a $0.1502 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a c) annualized dividend and a yield of 4.5%. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02.

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.