Spinnaker Investment Group LLC Acquires New Stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Spinnaker Investment Group LLC bought a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,121 shares of the company’s stock, valued at approximately $481,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VFLO. CarsonAllaria Wealth Management Ltd. acquired a new stake in VictoryShares Free Cash Flow ETF during the third quarter worth approximately $29,000. FMR LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the 3rd quarter worth approximately $31,000. Global Trust Asset Management LLC bought a new stake in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at $57,000. Private Trust Co. NA acquired a new position in shares of VictoryShares Free Cash Flow ETF during the 3rd quarter valued at $67,000. Finally, HBC Financial Services PLLC bought a new position in VictoryShares Free Cash Flow ETF during the fourth quarter worth $102,000.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VictoryShares Free Cash Flow ETF stock opened at $36.15 on Friday. The business has a 50-day simple moving average of $35.27 and a 200 day simple moving average of $33.65. VictoryShares Free Cash Flow ETF has a one year low of $27.86 and a one year high of $37.04. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 13.10 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, January 8th were issued a dividend of $0.0062 per share. The ex-dividend date of this dividend was Wednesday, January 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.