1,515,806 Shares in VictoryShares Free Cash Flow ETF $VFLO Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC acquired a new stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,515,806 shares of the company’s stock, valued at approximately $77,594,000. Commonwealth Equity Services LLC owned approximately 0.66% of VictoryShares Free Cash Flow ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of VictoryShares Free Cash Flow ETF by 10.3% in the 1st quarter. Bank of America Corp DE now owns 15,967,468 shares of the company’s stock valued at $630,396,000 after acquiring an additional 1,489,192 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 3.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,494,324 shares of the company’s stock valued at $114,115,000 after buying an additional 94,493 shares in the last quarter. Modern Wealth Management LLC raised its stake in VictoryShares Free Cash Flow ETF by 18.0% during the 1st quarter. Modern Wealth Management LLC now owns 2,362,996 shares of the company’s stock worth $93,740,000 after acquiring an additional 360,996 shares in the last quarter. Royal Bank of Canada raised its stake in VictoryShares Free Cash Flow ETF by 11.2% during the 1st quarter. Royal Bank of Canada now owns 2,143,575 shares of the company’s stock worth $84,628,000 after acquiring an additional 215,541 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in VictoryShares Free Cash Flow ETF by 1,319.3% in the first quarter. Parallel Advisors LLC now owns 1,538,447 shares of the company’s stock valued at $60,738,000 after acquiring an additional 1,430,052 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VFLO stock traded down $0.44 during mid-day trading on Friday, hitting $51.96. 4,273,338 shares of the stock were exchanged, compared to its average volume of 1,501,551. The stock’s fifty day simple moving average is $53.49 and its two-hundred day simple moving average is $46.53. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 15.63 and a beta of 0.84. VictoryShares Free Cash Flow ETF has a 12-month low of $36.73 and a 12-month high of $56.44.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, November 6th will be paid a $0.0711 dividend. This is a decrease from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.0962. This represents a $0.85 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, November 6th.

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.