Summit Asset Management LLC Acquires 13,445 Shares of VictoryShares Free Cash Flow ETF $VFLO

Summit Asset Management LLC boosted its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,741 shares of the company’s stock after acquiring an additional 13,445 shares during the quarter. Summit Asset Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $3,022,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VFLO. Bank of America Corp DE increased its stake in VictoryShares Free Cash Flow ETF by 29.5% in the 2nd quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock worth $446,098,000 after acquiring an additional 2,874,353 shares during the last quarter. HighTower Advisors LLC increased its stake in VictoryShares Free Cash Flow ETF by 71.7% in the 3rd quarter. HighTower Advisors LLC now owns 2,857,239 shares of the company’s stock worth $107,147,000 after acquiring an additional 1,193,452 shares during the last quarter. Ameriprise Financial Inc. bought a new position in VictoryShares Free Cash Flow ETF in the 2nd quarter worth about $35,234,000. Raymond James Financial Inc. increased its stake in VictoryShares Free Cash Flow ETF by 37.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock worth $121,134,000 after acquiring an additional 929,599 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in VictoryShares Free Cash Flow ETF in the 3rd quarter worth about $32,786,000.

VictoryShares Free Cash Flow ETF Trading Up 2.0%

Shares of VictoryShares Free Cash Flow ETF stock opened at $44.18 on Friday. The firm has a market capitalization of $7.01 billion, a PE ratio of 13.70 and a beta of 0.80. The business’s 50-day moving average price is $41.08 and its 200-day moving average price is $40.00. VictoryShares Free Cash Flow ETF has a 12 month low of $33.34 and a 12 month high of $44.27.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were given a dividend of $0.0134 per share. The ex-dividend date was Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 0.4%.

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.