Madison Asset Management LLC Purchases 337,659 Shares of VictoryShares Free Cash Flow ETF $VFLO

Madison Asset Management LLC raised its holdings in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 336.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 437,966 shares of the company’s stock after purchasing an additional 337,659 shares during the quarter. Madison Asset Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $17,247,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its position in VictoryShares Free Cash Flow ETF by 7.2% in the third quarter. Bank of America Corp DE now owns 13,531,911 shares of the company’s stock worth $507,447,000 after acquiring an additional 912,446 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VictoryShares Free Cash Flow ETF by 6.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,740,833 shares of the company’s stock valued at $252,781,000 after purchasing an additional 398,850 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 23.6% in the 3rd quarter. Raymond James Financial Inc. now owns 4,236,356 shares of the company’s stock worth $158,863,000 after purchasing an additional 809,655 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 2.9% in the 3rd quarter. Victory Capital Management Inc. now owns 4,051,250 shares of the company’s stock worth $151,922,000 after purchasing an additional 115,000 shares during the period. Finally, UBS Group AG increased its position in shares of VictoryShares Free Cash Flow ETF by 4.7% during the 4th quarter. UBS Group AG now owns 3,217,961 shares of the company’s stock valued at $126,723,000 after purchasing an additional 144,450 shares during the last quarter.

VictoryShares Free Cash Flow ETF Trading Down 0.7%

Shares of VFLO opened at $42.92 on Wednesday. The company’s fifty day simple moving average is $40.63 and its 200-day simple moving average is $39.73. The company has a market cap of $6.81 billion, a P/E ratio of 13.70 and a beta of 0.80. VictoryShares Free Cash Flow ETF has a twelve month low of $33.34 and a twelve month high of $43.78.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were issued a $0.0134 dividend. The ex-dividend date was Friday, May 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%.

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.