Merit Financial Group LLC Boosts Holdings in VictoryShares Free Cash Flow ETF $VFLO

Merit Financial Group LLC grew its position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,419,736 shares of the company’s stock after purchasing an additional 85,914 shares during the quarter. VictoryShares Free Cash Flow ETF comprises approximately 0.8% of Merit Financial Group LLC’s investment portfolio, making the stock its 26th biggest holding. Merit Financial Group LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $90,740,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in VictoryShares Free Cash Flow ETF by 187.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after buying an additional 750 shares in the last quarter. Assetmark Inc. grew its stake in shares of VictoryShares Free Cash Flow ETF by 285.3% during the third quarter. Assetmark Inc. now owns 1,202 shares of the company’s stock worth $45,000 after acquiring an additional 890 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the third quarter valued at about $65,000. Visionary Wealth Advisors purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at approximately $215,000. Finally, Global Assets Advisory LLC acquired a new stake in VictoryShares Free Cash Flow ETF in the 3rd quarter worth approximately $234,000.

VictoryShares Free Cash Flow ETF Trading Up 1.3%

NASDAQ VFLO opened at $40.26 on Tuesday. The stock has a market cap of $6.03 billion, a P/E ratio of 13.70 and a beta of 0.91. VictoryShares Free Cash Flow ETF has a 12-month low of $29.48 and a 12-month high of $40.67. The company has a fifty day simple moving average of $39.80 and a two-hundred day simple moving average of $38.21.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were given a dividend of $0.1502 per share. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Thursday, December 11th.

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.