Modern Wealth Management LLC Increases Position in VictoryShares Free Cash Flow ETF $VFLO

Modern Wealth Management LLC boosted its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 18.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,362,996 shares of the company’s stock after purchasing an additional 360,996 shares during the quarter. VictoryShares Free Cash Flow ETF comprises 1.6% of Modern Wealth Management LLC’s holdings, making the stock its 10th largest holding. Modern Wealth Management LLC owned 1.49% of VictoryShares Free Cash Flow ETF worth $93,740,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vantage Financial Partners LLC increased its stake in shares of VictoryShares Free Cash Flow ETF by 2.3% in the fourth quarter. Vantage Financial Partners LLC now owns 802,562 shares of the company’s stock worth $31,605,000 after purchasing an additional 18,106 shares during the period. Truist Financial Corp boosted its position in shares of VictoryShares Free Cash Flow ETF by 5.1% in the fourth quarter. Truist Financial Corp now owns 296,075 shares of the company’s stock valued at $11,659,000 after acquiring an additional 14,257 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in VictoryShares Free Cash Flow ETF by 92.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 37,783 shares of the company’s stock valued at $1,488,000 after purchasing an additional 18,154 shares during the period. Ledyard National Bank lifted its stake in shares of VictoryShares Free Cash Flow ETF by 138.5% in the fourth quarter. Ledyard National Bank now owns 402,353 shares of the company’s stock valued at $15,845,000 after buying an additional 233,685 shares during the period. Finally, Traphagen Investment Advisors LLC lifted its stake in shares of VictoryShares Free Cash Flow ETF by 3.6% in the fourth quarter. Traphagen Investment Advisors LLC now owns 2,392,021 shares of the company’s stock valued at $94,198,000 after buying an additional 82,791 shares during the period.

VictoryShares Free Cash Flow ETF Stock Down 0.9%

Shares of VFLO opened at $47.42 on Friday. The stock’s 50-day moving average price is $46.07 and its 200 day moving average price is $42.39. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 13.70 and a beta of 0.85. VictoryShares Free Cash Flow ETF has a 12-month low of $34.11 and a 12-month high of $48.40.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a $0.0249 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 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.