Cadent Capital Advisors LLC Makes New Investment in VictoryShares Free Cash Flow ETF $VFLO

Cadent Capital Advisors LLC purchased a new position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 87,987 shares of the company’s stock, valued at approximately $4,504,000. VictoryShares Free Cash Flow ETF accounts for about 1.0% of Cadent Capital Advisors LLC’s holdings, making the stock its 26th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. grew its stake in VictoryShares Free Cash Flow ETF by 80.4% in the 1st quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock worth $53,000 after acquiring an additional 602 shares in the last quarter. Silver Grove Financial Group Inc. bought a new position in VictoryShares Free Cash Flow ETF in the fourth quarter worth approximately $60,000. Operose Advisors LLC bought a new position in VictoryShares Free Cash Flow ETF in the second quarter worth approximately $84,000. Geneos Wealth Management Inc. increased its holdings in VictoryShares Free Cash Flow ETF by 39.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $138,000 after purchasing an additional 1,001 shares during the period. Finally, Elm3 Financial Group LLC increased its holdings in VictoryShares Free Cash Flow ETF by 5.7% during the 3rd quarter. Elm3 Financial Group LLC now owns 4,621 shares of the company’s stock worth $237,000 after purchasing an additional 249 shares during the period.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VFLO stock traded down $0.03 during mid-day trading on Friday, hitting $52.88. The stock had a trading volume of 950,410 shares, compared to its average volume of 1,386,652. VictoryShares Free Cash Flow ETF has a 12-month low of $36.56 and a 12-month high of $56.44. The firm has a market capitalization of $11.30 billion, a P/E ratio of 13.70 and a beta of 0.87. The firm’s 50-day moving average is $53.23 and its two-hundred day moving average is $47.40.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 8th will be paid a $0.0962 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 2.2%. This is a drop from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. The ex-dividend date of this dividend is Thursday, October 8th.

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.