KPP Advisory Services LLC Raises Position in VictoryShares Free Cash Flow ETF $VFLO

KPP Advisory Services LLC raised its position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 32.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,203 shares of the company’s stock after acquiring an additional 22,770 shares during the quarter. KPP Advisory Services LLC owned approximately 0.06% of VictoryShares Free Cash Flow ETF worth $3,640,000 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 VFLO. Bank of America Corp DE lifted its stake in shares of VictoryShares Free Cash Flow ETF by 7.2% in the 3rd quarter. Bank of America Corp DE now owns 13,531,911 shares of the company’s stock valued at $507,447,000 after purchasing an additional 912,446 shares during the period. LPL Financial LLC grew its stake in VictoryShares Free Cash Flow ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock worth $483,588,000 after purchasing an additional 1,249,407 shares during the period. Morgan Stanley raised its holdings in VictoryShares Free Cash Flow ETF by 22.1% in the fourth quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock worth $469,851,000 after purchasing an additional 2,158,181 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in VictoryShares Free Cash Flow ETF by 9.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock worth $291,410,000 after purchasing an additional 659,124 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in VictoryShares Free Cash Flow ETF by 17.4% during the fourth quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock valued at $245,200,000 after buying an additional 921,401 shares during the period.

VictoryShares Free Cash Flow ETF Trading Up 1.0%

Shares of VFLO stock opened at $46.22 on Thursday. The company’s fifty day moving average price is $44.44 and its 200-day moving average price is $41.50. The stock has a market cap of $7.81 billion, a PE ratio of 13.70 and a beta of 0.85. VictoryShares Free Cash Flow ETF has a 12 month low of $34.11 and a 12 month high of $48.24.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were paid a dividend of $0.0469 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 1.2%.

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.