VictoryShares Free Cash Flow ETF $VFLO Stock: Cornerstone Wealth Management LLC Raises Position

Cornerstone Wealth Management LLC boosted its holdings in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 29.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 130,393 shares of the company’s stock after buying an additional 29,532 shares during the period. Cornerstone Wealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $6,675,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in VFLO. MKP Capital Management L.L.C. increased its stake in VictoryShares Free Cash Flow ETF by 156.5% in the 3rd quarter. MKP Capital Management L.L.C. now owns 561,700 shares of the company’s stock worth $28,753,000 after acquiring an additional 342,700 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF during the third quarter worth about $31,000. International Assets Investment Management LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF during the third quarter worth about $676,000. Kestra Advisory Services LLC grew its holdings in shares of VictoryShares Free Cash Flow ETF by 49.6% during the third quarter. Kestra Advisory Services LLC now owns 106,865 shares of the company’s stock worth $5,470,000 after purchasing an additional 35,432 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of VictoryShares Free Cash Flow ETF in the third quarter worth approximately $77,594,000.

VictoryShares Free Cash Flow ETF Trading Up 0.0%

VFLO stock opened at $52.77 on Wednesday. The company’s 50 day moving average is $53.38 and its 200 day moving average is $46.65. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 15.63 and a beta of 0.84. VictoryShares Free Cash Flow ETF has a 1-year low of $36.73 and a 1-year high of $56.44.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

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.