Mather Group LLC. Makes New Investment in VictoryShares Free Cash Flow ETF $VFLO

Mather Group LLC. acquired a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,763 shares of the company’s stock, valued at approximately $909,000.

A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of VictoryShares Free Cash Flow ETF by 10.3% in the 1st quarter. Bank of America Corp DE now owns 15,967,468 shares of the company’s stock valued at $630,396,000 after acquiring an additional 1,489,192 shares during the period. Envestnet Asset Management Inc. raised its stake in VictoryShares Free Cash Flow ETF by 3.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,494,324 shares of the company’s stock worth $114,115,000 after acquiring an additional 94,493 shares during the last quarter. Modern Wealth Management LLC lifted its position in VictoryShares Free Cash Flow ETF by 18.0% during the 1st quarter. Modern Wealth Management LLC now owns 2,362,996 shares of the company’s stock worth $93,740,000 after acquiring an additional 360,996 shares during the period. Royal Bank of Canada lifted its position in VictoryShares Free Cash Flow ETF by 11.2% during the 1st quarter. Royal Bank of Canada now owns 2,143,575 shares of the company’s stock worth $84,628,000 after acquiring an additional 215,541 shares during the period. Finally, Krilogy Financial LLC lifted its position in VictoryShares Free Cash Flow ETF by 3.7% during the 1st quarter. Krilogy Financial LLC now owns 1,689,273 shares of the company’s stock worth $69,598,000 after acquiring an additional 60,489 shares during the period.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of VFLO stock opened at $54.01 on Friday. The stock’s 50-day simple moving average is $53.59 and its 200-day simple moving average is $47.93. The firm has a market capitalization of $11.71 billion, a PE ratio of 13.70 and a beta of 0.87. VictoryShares Free Cash Flow ETF has a fifty-two week low of $36.73 and a fifty-two week high of $56.44.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were issued a dividend of $0.0962 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 2.1%. This is a negative change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.1058. The ex-dividend date of this dividend was Thursday, October 8th.

About VictoryShares Free Cash Flow ETF

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.