Maridea Wealth Management LLC Reduces Position in VictoryShares Free Cash Flow ETF $VFLO

Maridea Wealth Management LLC decreased its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,980 shares of the company’s stock after selling 14,529 shares during the period. VictoryShares Free Cash Flow ETF makes up approximately 0.8% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 28th largest position. Maridea Wealth Management LLC owned about 0.09% of VictoryShares Free Cash Flow ETF worth $5,368,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of VFLO. Kingdom Financial Group LLC. purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. lifted its position in VictoryShares Free Cash Flow ETF by 187.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after buying an additional 750 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth approximately $52,000. Silver Grove Financial Group Inc. purchased a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth approximately $60,000. Finally, HM Payson & Co. boosted its stake in VictoryShares Free Cash Flow ETF by 141.5% during the fourth quarter. HM Payson & Co. now owns 2,475 shares of the company’s stock worth $97,000 after buying an additional 1,450 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Up 1.4%

Shares of NASDAQ:VFLO opened at $46.19 on Friday. The business has a fifty day moving average of $44.17 and a two-hundred day moving average of $41.35. The stock has a market cap of $7.33 billion, a P/E ratio of 13.70 and a beta of 0.84. VictoryShares Free Cash Flow ETF has a 52-week low of $34.11 and a 52-week 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. Stockholders of record on Tuesday, June 9th were given a dividend of $0.0469 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01.

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.