Kennedy Investment Group Boosts Position in VictoryShares Free Cash Flow ETF $VFLO

Kennedy Investment Group increased its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,294 shares of the company’s stock after acquiring an additional 13,297 shares during the quarter. VictoryShares Free Cash Flow ETF comprises approximately 0.9% of Kennedy Investment Group’s portfolio, making the stock its 26th biggest position. Kennedy Investment Group’s holdings in VictoryShares Free Cash Flow ETF were worth $2,261,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VFLO. Bank of America Corp DE raised its holdings in VictoryShares Free Cash Flow ETF by 29.5% in the 2nd quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock worth $446,098,000 after purchasing an additional 2,874,353 shares in the last quarter. Allworth Financial LP boosted its stake in shares of VictoryShares Free Cash Flow ETF by 2.0% during the 2nd quarter. Allworth Financial LP now owns 6,704,169 shares of the company’s stock valued at $236,992,000 after purchasing an additional 131,110 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of VictoryShares Free Cash Flow ETF by 14.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,341,983 shares of the company’s stock valued at $224,189,000 after buying an additional 791,171 shares during the period. Raymond James Financial Inc. raised its stake in VictoryShares Free Cash Flow ETF by 37.2% in the second quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock worth $121,134,000 after buying an additional 929,599 shares in the last quarter. Finally, Annex Advisory Services LLC raised its stake in VictoryShares Free Cash Flow ETF by 35.7% in the second quarter. Annex Advisory Services LLC now owns 3,173,134 shares of the company’s stock worth $112,170,000 after buying an additional 834,478 shares in the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VFLO opened at $40.20 on Thursday. The company has a 50-day simple moving average of $39.08 and a two-hundred day simple moving average of $37.51. The firm has a market capitalization of $5.85 billion, a PE ratio of 13.70 and a beta of 0.91. VictoryShares Free Cash Flow ETF has a one year low of $29.48 and a one year high of $40.67.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were given a dividend of $0.1502 per share. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Thursday, December 11th.

VictoryShares Free Cash Flow ETF Company 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.