Janney Montgomery Scott LLC Boosts Holdings in VictoryShares Free Cash Flow ETF $VFLO

Janney Montgomery Scott LLC raised its position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 28.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,391 shares of the company’s stock after purchasing an additional 21,171 shares during the period. Janney Montgomery Scott LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $3,766,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VFLO. Kingdom Financial Group LLC. bought a new position in shares of VictoryShares Free Cash Flow ETF in the fourth quarter worth $25,000. Geneos Wealth Management Inc. boosted its stake 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 valued at $39,000 after buying an additional 750 shares during the period. Zions Bancorporation National Association UT purchased a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth about $52,000. Silver Grove Financial Group Inc. purchased a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth about $60,000. Finally, HM Payson & Co. increased its stake in VictoryShares Free Cash Flow ETF by 141.5% in the 4th quarter. HM Payson & Co. now owns 2,475 shares of the company’s stock worth $97,000 after acquiring an additional 1,450 shares during the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

Shares of NASDAQ:VFLO traded up $0.46 on Tuesday, hitting $47.35. The company’s stock had a trading volume of 158,111 shares, compared to its average volume of 1,016,757. The company has a 50-day simple moving average of $44.76 and a 200 day simple moving average of $41.65. VictoryShares Free Cash Flow ETF has a 1 year low of $34.11 and a 1 year high of $48.24. The company has a market capitalization of $8.05 billion, a PE ratio of 13.70 and a beta of 0.85.

VictoryShares Free Cash Flow ETF Increases Dividend

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

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.