VictoryShares Free Cash Flow ETF $VFLO Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its holdings in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,662,328 shares of the company’s stock after selling 79,734 shares during the period. VictoryShares Free Cash Flow ETF comprises about 1.2% of Parallel Advisors LLC’s portfolio, making the stock its 12th largest position. Parallel Advisors LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $85,095,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VFLO. Commonwealth Equity Services LLC bought a new stake in shares of VictoryShares Free Cash Flow ETF in the 3rd quarter valued at about $77,594,000. Bank of America Corp DE boosted its stake in shares of VictoryShares Free Cash Flow ETF by 10.3% during the first quarter. Bank of America Corp DE now owns 15,967,468 shares of the company’s stock valued at $630,396,000 after purchasing an additional 1,489,192 shares in the last quarter. Wilkerson Advisory Group LLC bought a new position in shares of VictoryShares Free Cash Flow ETF during the first quarter valued at approximately $23,102,000. Teamwork Financial Advisors LLC purchased a new position in VictoryShares Free Cash Flow ETF during the third quarter valued at approximately $21,756,000. Finally, Curry Webb Wealth Management LLC bought a new position in VictoryShares Free Cash Flow ETF in the first quarter worth approximately $15,459,000.

VictoryShares Free Cash Flow ETF Stock Performance

VictoryShares Free Cash Flow ETF stock traded down $0.44 during mid-day trading on Friday, reaching $51.96. 4,273,338 shares of the company were exchanged, compared to its average volume of 1,501,551. The business has a fifty day moving average of $53.49 and a 200 day moving average of $46.53. The firm has a market cap of $12.03 billion, a P/E ratio of 15.63 and a beta of 0.84. VictoryShares Free Cash Flow ETF has a 12-month low of $36.73 and a 12-month high of $56.44.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, November 6th will be issued a $0.0711 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 1.6%. This is a drop from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.0962.

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.