Summit Asset Management LLC Has $1.90 Million Stock Holdings in VictoryShares Free Cash Flow ETF $VFLO

Summit Asset Management LLC boosted its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 55.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,810 shares of the company’s stock after purchasing an additional 19,200 shares during the quarter. Summit Asset Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $1,902,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ancora Advisors LLC bought a new position in shares of VictoryShares Free Cash Flow ETF in the first quarter valued at about $33,000. Ameritas Advisory Services LLC acquired a new position in VictoryShares Free Cash Flow ETF in the 2nd quarter valued at about $36,000. Geneos Wealth Management Inc. grew its stake in VictoryShares Free Cash Flow ETF by 187.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after buying an additional 750 shares during the last quarter. Belpointe Asset Management LLC bought a new position in VictoryShares Free Cash Flow ETF in the 1st quarter valued at about $203,000. Finally, Wedbush Securities Inc. acquired a new stake in VictoryShares Free Cash Flow ETF during the first quarter worth approximately $219,000.

VictoryShares Free Cash Flow ETF Stock Up 1.1%

Shares of NASDAQ:VFLO opened at $37.88 on Friday. VictoryShares Free Cash Flow ETF has a 12-month low of $29.48 and a 12-month high of $38.53. The business has a 50 day moving average of $37.59 and a 200-day moving average of $35.84. The stock has a market cap of $5.01 billion, a PE ratio of 13.70 and a beta of 0.91.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 10th. Shareholders of record on Friday, November 7th will be issued a $0.025 dividend. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 7th.

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.