VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Increases Dividend to $0.05 Per Share

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) declared a monthly dividend on Monday, June 8th, NASDAQ Dividends reports. Shareholders of record on Tuesday, June 9th will be given a dividend of 0.0469 per share on Wednesday, June 10th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, June 9th. This is a 248.8% increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01.

VictoryShares Free Cash Flow ETF Stock Down 0.5%

VictoryShares Free Cash Flow ETF stock traded down $0.24 during trading hours on Tuesday, hitting $45.91. The stock had a trading volume of 1,337,460 shares, compared to its average volume of 1,014,178. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 13.70 and a beta of 0.84. VictoryShares Free Cash Flow ETF has a one year low of $34.11 and a one year high of $48.24. The business’s 50 day simple moving average is $42.55 and its 200-day simple moving average is $40.65.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several large investors have recently bought and sold shares of VFLO. Kingdom Financial Group LLC. bought a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. raised its position in VictoryShares Free Cash Flow ETF by 187.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after purchasing an additional 750 shares during the last quarter. Assetmark Inc. raised its position in VictoryShares Free Cash Flow ETF by 285.3% in the third quarter. Assetmark Inc. now owns 1,202 shares of the company’s stock valued at $45,000 after purchasing an additional 890 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $52,000. Finally, Silver Grove Financial Group Inc. bought a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $60,000.

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.