M.E. Allison & CO. Inc. Acquires 12,158 Shares of VictoryShares Free Cash Flow ETF $VFLO

M.E. Allison & CO. Inc. boosted its holdings in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 32.6% in the second quarter, Holdings Channel.com reports. The fund owned 49,458 shares of the company’s stock after acquiring an additional 12,158 shares during the quarter. VictoryShares Free Cash Flow ETF comprises 1.3% of M.E. Allison & CO. Inc.’s portfolio, making the stock its 16th biggest holding. M.E. Allison & CO. Inc.’s holdings in VictoryShares Free Cash Flow ETF were worth $2,263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VFLO. Vantage Financial Partners LLC raised its stake in 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 buying an additional 18,106 shares in the last quarter. Truist Financial Corp increased its holdings in shares of VictoryShares Free Cash Flow ETF by 5.1% in the 4th 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 shares of 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 buying an additional 18,154 shares in the last quarter. Ledyard National Bank grew its holdings in 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 worth $15,845,000 after purchasing an additional 233,685 shares during the last quarter. Finally, Traphagen Investment Advisors LLC grew its holdings in 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 worth $94,198,000 after purchasing an additional 82,791 shares during the last quarter.

VictoryShares Free Cash Flow ETF Trading Down 0.2%

Shares of VFLO stock opened at $50.42 on Thursday. VictoryShares Free Cash Flow ETF has a 12-month low of $34.28 and a 12-month high of $51.12. The business’s fifty day simple moving average is $47.18 and its 200-day simple moving average is $42.99. The company has a market cap of $9.17 billion, a PE ratio of 13.70 and a beta of 0.82.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were given a dividend of $0.0249 per share. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th.

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.