GK Wealth Management LLC Makes New Investment in VictoryShares Free Cash Flow Growth ETF $GFLW

GK Wealth Management LLC bought a new stake in shares of VictoryShares Free Cash Flow Growth ETF (NASDAQ:GFLW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,944 shares of the company’s stock, valued at approximately $566,000. GK Wealth Management LLC owned 0.05% of VictoryShares Free Cash Flow Growth ETF at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in VictoryShares Free Cash Flow Growth ETF by 7.3% in the 4th quarter. Victory Capital Management Inc. now owns 11,440,479 shares of the company’s stock worth $322,164,000 after buying an additional 775,000 shares during the period. Kirkwood Financial Services purchased a new stake in VictoryShares Free Cash Flow Growth ETF in the 2nd quarter valued at about $18,385,000. Parallel Advisors LLC boosted its position in VictoryShares Free Cash Flow Growth ETF by 585.2% in the 1st quarter. Parallel Advisors LLC now owns 144,322 shares of the company’s stock valued at $3,795,000 after buying an additional 123,260 shares during the period. Triumph Capital Management grew its stake in VictoryShares Free Cash Flow Growth ETF by 358.1% in the 2nd quarter. Triumph Capital Management now owns 66,395 shares of the company’s stock worth $2,276,000 after acquiring an additional 51,902 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in VictoryShares Free Cash Flow Growth ETF by 1,272.4% in the 1st quarter. Royal Bank of Canada now owns 46,607 shares of the company’s stock worth $1,226,000 after acquiring an additional 43,211 shares in the last quarter.

VictoryShares Free Cash Flow Growth ETF Price Performance

Shares of NASDAQ:GFLW traded up $0.33 during trading on Friday, reaching $34.18. 212,461 shares of the company were exchanged, compared to its average volume of 178,168. The business’s fifty day simple moving average is $33.70 and its 200-day simple moving average is $31.82. VictoryShares Free Cash Flow Growth ETF has a 12-month low of $25.00 and a 12-month high of $34.94. The firm has a market capitalization of $1.16 billion, a PE ratio of 33.38 and a beta of 1.25.

VictoryShares Free Cash Flow Growth ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were paid a $0.1129 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.35 annualized dividend and a yield of 4.0%.

VictoryShares Free Cash Flow Growth ETF Profile

The VictoryShares Free Cash Flow Growth ETF (GFLW) is an exchange-traded fund that is based on the Victory Free Cash Flow Growth index. The fund tracks an index composed of 100 US large-cap growth companies selected based on positive free cash flow trend, earnings, and ROI. Holdings are weighted in the portfolio based on a combination of free cash flow and momentum. GFLW was launched on Dec 3, 2024 and is issued by VictoryShares.