Adapt Wealth Advisors LLC Acquires Shares of 331,427 VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Adapt Wealth Advisors LLC purchased a new stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the fourth quarter, Holdings Channel.com reports. The firm purchased 331,427 shares of the company’s stock, valued at approximately $11,298,000. VictoryShares Free Cash Flow ETF makes up about 5.6% of Adapt Wealth Advisors LLC’s investment portfolio, making the stock its 3rd biggest position.

A number of other institutional investors have also made changes to their positions in the business. DDD Partners LLC raised its holdings in shares of VictoryShares Free Cash Flow ETF by 1.5% in the fourth quarter. DDD Partners LLC now owns 58,209 shares of the company’s stock valued at $1,984,000 after buying an additional 868 shares during the last quarter. SimpliFi Inc. raised its holdings in shares of VictoryShares Free Cash Flow ETF by 1.8% in the fourth quarter. SimpliFi Inc. now owns 70,610 shares of the company’s stock valued at $2,407,000 after buying an additional 1,275 shares during the last quarter. Allworth Financial LP bought a new position in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $47,000. Kestra Private Wealth Services LLC raised its holdings in shares of VictoryShares Free Cash Flow ETF by 7.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,231 shares of the company’s stock valued at $758,000 after buying an additional 1,495 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $57,000.

VictoryShares Free Cash Flow ETF Stock Down 0.2 %

VictoryShares Free Cash Flow ETF stock opened at $32.86 on Friday. The stock has a 50-day simple moving average of $33.36 and a 200 day simple moving average of $34.48. VictoryShares Free Cash Flow ETF has a 12-month low of $29.48 and a 12-month high of $37.04. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 12.24 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 10th were given a $0.0434 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.59%. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. The ex-dividend date of this dividend was Thursday, April 10th.

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.