26,421 Shares in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC acquired a new stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 26,421 shares of the company’s stock, valued at approximately $817,000. Cornerstone Wealth Management LLC owned approximately 0.18% of VictoryShares Free Cash Flow ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the first quarter worth about $71,693,000. Great Valley Advisor Group Inc. bought a new stake in VictoryShares Free Cash Flow ETF in the 2nd quarter valued at approximately $15,449,000. WBI Investments LLC acquired a new position in VictoryShares Free Cash Flow ETF during the 1st quarter worth approximately $7,173,000. Transform Wealth LLC bought a new position in shares of VictoryShares Free Cash Flow ETF during the 2nd quarter worth approximately $3,871,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of VictoryShares Free Cash Flow ETF during the 2nd quarter worth approximately $2,007,000.

VictoryShares Free Cash Flow ETF Stock Up 1.2 %

Shares of VFLO stock traded up $0.39 during trading on Thursday, reaching $32.00. The company’s stock had a trading volume of 132,464 shares, compared to its average volume of 193,913. VictoryShares Free Cash Flow ETF has a one year low of $24.61 and a one year high of $33.11. The business has a fifty day moving average price of $31.33 and a 200-day moving average price of $30.94. The company has a market cap of $570.88 million, a price-to-earnings ratio of 13.10 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 9th. Stockholders of record on Thursday, August 8th were issued a $0.0166 dividend. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. The ex-dividend date was Thursday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.62%.

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.