VictoryShares Free Cash Flow ETF $VFLO Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,419,780 shares of the company’s stock after buying an additional 85,958 shares during the period. VictoryShares Free Cash Flow ETF comprises 0.8% of Merit Financial Group LLC’s investment portfolio, making the stock its 26th biggest holding. Merit Financial Group LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $90,742,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Sigma Planning Corp boosted its stake in shares of VictoryShares Free Cash Flow ETF by 1.0% in the second quarter. Sigma Planning Corp now owns 38,137 shares of the company’s stock valued at $1,348,000 after buying an additional 375 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in VictoryShares Free Cash Flow ETF by 187.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the period. Sowa Financial Group Inc. lifted its holdings in VictoryShares Free Cash Flow ETF by 7.7% in the third quarter. Sowa Financial Group Inc. now owns 12,236 shares of the company’s stock valued at $459,000 after acquiring an additional 874 shares during the period. M.E. Allison & CO. Inc. boosted its position in shares of VictoryShares Free Cash Flow ETF by 3.4% during the 3rd quarter. M.E. Allison & CO. Inc. now owns 27,752 shares of the company’s stock worth $1,041,000 after purchasing an additional 917 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the 1st quarter worth $33,000.

VictoryShares Free Cash Flow ETF Stock Up 0.1%

Shares of VFLO opened at $39.69 on Wednesday. VictoryShares Free Cash Flow ETF has a 52-week low of $29.48 and a 52-week high of $40.20. The company has a 50-day simple moving average of $38.61 and a 200-day simple moving average of $37.15. The company has a market capitalization of $5.25 billion, a PE ratio of 13.70 and a beta of 0.91.

VictoryShares Free Cash Flow ETF Increases Dividend

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

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.