Sagespring Wealth Partners LLC Grows Stock Holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Sagespring Wealth Partners LLC increased its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 87.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,869 shares of the company’s stock after buying an additional 32,637 shares during the quarter. Sagespring Wealth Partners LLC owned about 0.07% of VictoryShares Free Cash Flow ETF worth $2,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in VictoryShares Free Cash Flow ETF by 185.2% in the 4th quarter. LPL Financial LLC now owns 4,114,921 shares of the company’s stock valued at $140,278,000 after purchasing an additional 2,672,029 shares in the last quarter. Smith Anglin Financial LLC boosted its holdings in VictoryShares Free Cash Flow ETF by 4,182.0% in the 1st quarter. Smith Anglin Financial LLC now owns 2,565,838 shares of the company’s stock valued at $87,957,000 after purchasing an additional 2,505,916 shares in the last quarter. Bank of America Corp DE boosted its holdings in VictoryShares Free Cash Flow ETF by 109.8% in the 4th quarter. Bank of America Corp DE now owns 4,019,954 shares of the company’s stock valued at $137,040,000 after purchasing an additional 2,103,541 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in VictoryShares Free Cash Flow ETF in the 4th quarter valued at approximately $36,524,000. Finally, Envestnet Asset Management Inc. boosted its holdings in VictoryShares Free Cash Flow ETF by 80.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,871,045 shares of the company’s stock valued at $63,784,000 after purchasing an additional 831,712 shares in the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

NASDAQ VFLO opened at $35.34 on Tuesday. The business has a 50 day moving average price of $33.49 and a 200 day moving average price of $34.36. The company has a market capitalization of $3.83 billion, a P/E ratio of 13.58 and a beta of 0.94. VictoryShares Free Cash Flow ETF has a 1-year low of $29.48 and a 1-year high of $37.04.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, June 9th were given a dividend of $0.0796 per share. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.00. The ex-dividend date was Monday, June 9th. This represents a $0.95 annualized dividend and a yield of 2.70%.

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.