Commonwealth Equity Services LLC Cuts Stake in VictoryShares Free Cash Flow ETF $VFLO

Commonwealth Equity Services LLC lessened its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 834,549 shares of the company’s stock after selling 269,244 shares during the period. Commonwealth Equity Services LLC owned approximately 0.63% of VictoryShares Free Cash Flow ETF worth $31,296,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the second quarter valued at $36,000. Geneos Wealth Management Inc. increased its holdings in VictoryShares Free Cash Flow ETF by 187.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after purchasing an additional 750 shares during the period. Belpointe Asset Management LLC acquired a new stake in VictoryShares Free Cash Flow ETF in the 1st quarter valued at about $203,000. Visionary Wealth Advisors acquired a new stake in VictoryShares Free Cash Flow ETF in the 2nd quarter valued at about $215,000. Finally, Financial Security Advisor Inc. purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at about $225,000.

VictoryShares Free Cash Flow ETF Stock Performance

VFLO stock opened at $40.08 on Thursday. The company’s 50 day moving average price is $38.82 and its 200 day moving average price is $37.33. VictoryShares Free Cash Flow ETF has a fifty-two week low of $29.48 and a fifty-two week high of $40.40. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 13.70 and a beta of 0.91.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were issued a $0.1502 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Thursday, December 11th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02.

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.