VictoryShares Free Cash Flow ETF $VFLO Shares Newly Purchased by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC bought a new stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 84,671 shares of the company’s stock, valued at approximately $4,334,000. VictoryShares Free Cash Flow ETF comprises approximately 2.3% of Hidden Cove Wealth Management LLC’s holdings, making the stock its 12th biggest holding.

Several other hedge funds also recently bought and sold shares of VFLO. RVW Wealth LLC increased its position in shares of VictoryShares Free Cash Flow ETF by 9.1% during the third quarter. RVW Wealth LLC now owns 1,110,720 shares of the company’s stock valued at $56,858,000 after acquiring an additional 92,455 shares during the last quarter. Curry Webb Wealth Management LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the 1st quarter valued at approximately $15,459,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 1st quarter worth approximately $2,427,000. Kirkwood Financial Services acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter worth approximately $17,750,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 1st quarter worth approximately $753,000.

VictoryShares Free Cash Flow ETF Price Performance

Shares of NASDAQ:VFLO traded up $0.12 during mid-day trading on Monday, reaching $54.13. 2,316,426 shares of the company were exchanged, compared to its average volume of 1,414,751. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 13.70 and a beta of 0.87. The firm’s 50-day simple moving average is $53.59 and its 200 day simple moving average is $48.00. VictoryShares Free Cash Flow ETF has a 1 year low of $36.73 and a 1 year high of $56.44.

VictoryShares Free Cash Flow ETF Cuts Dividend

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

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.