VictoryShares Free Cash Flow ETF $VFLO Stock: Goldstein Advisors LLC Lowers Stake

Goldstein Advisors LLC trimmed its position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 7.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,131,051 shares of the company’s stock after selling 88,206 shares during the quarter. VictoryShares Free Cash Flow ETF accounts for 5.2% of Goldstein Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Goldstein Advisors LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $57,898,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in VictoryShares Free Cash Flow ETF during the third quarter valued at $44,000. Assetmark Inc. raised its stake in shares of VictoryShares Free Cash Flow ETF by 80.4% in the first quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock valued at $53,000 after acquiring an additional 602 shares during the period. Operose Advisors LLC bought a new stake in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter worth about $84,000. Geneos Wealth Management Inc. lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 39.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $138,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Elm3 Financial Group LLC grew its holdings in VictoryShares Free Cash Flow ETF by 5.7% during the 3rd quarter. Elm3 Financial Group LLC now owns 4,621 shares of the company’s stock valued at $237,000 after purchasing an additional 249 shares during the last quarter.

VictoryShares Free Cash Flow ETF Trading Up 1.8%

Shares of NASDAQ:VFLO opened at $54.10 on Friday. VictoryShares Free Cash Flow ETF has a 12 month low of $36.73 and a 12 month high of $56.44. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 13.70 and a beta of 0.87. The firm’s 50-day moving average is $53.54 and its 200 day moving average is $47.89.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were given a dividend of $0.0962 per share. This represents a $1.15 annualized dividend and a dividend yield of 2.1%. This is a drop from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. The ex-dividend date was Thursday, October 8th.

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.