SHP Wealth Management Makes New Investment in VictoryShares Free Cash Flow ETF $VFLO

SHP Wealth Management bought a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 16,759 shares of the company’s stock, valued at approximately $660,000.

A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in shares of VictoryShares Free Cash Flow ETF by 29.5% in the second quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock worth $446,098,000 after purchasing an additional 2,874,353 shares during the last quarter. Morgan Stanley boosted its position in VictoryShares Free Cash Flow ETF by 22.1% in the 4th quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after buying an additional 2,158,181 shares during the period. LPL Financial LLC boosted its position in VictoryShares Free Cash Flow ETF by 11.3% in the 4th quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock valued at $483,588,000 after buying an additional 1,249,407 shares during the period. Ameriprise Financial Inc. purchased a new stake in VictoryShares Free Cash Flow ETF in the 2nd quarter valued at about $35,234,000. Finally, Raymond James Financial Inc. grew its stake in VictoryShares Free Cash Flow ETF by 37.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock worth $121,134,000 after acquiring an additional 929,599 shares in the last quarter.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of NASDAQ:VFLO opened at $45.25 on Friday. The firm has a market cap of $7.18 billion, a PE ratio of 13.70 and a beta of 0.84. The firm’s 50 day simple moving average is $43.65 and its 200-day simple moving average is $41.12. VictoryShares Free Cash Flow ETF has a one year low of $34.11 and a one year high of $48.24.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were issued a $0.0469 dividend. The ex-dividend date was Tuesday, June 9th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%.

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.