Cornerstone Wealth Management LLC Has $1.26 Million Stock Position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Cornerstone Wealth Management LLC lifted its position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 29.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 36,996 shares of the company’s stock after acquiring an additional 8,332 shares during the period. Cornerstone Wealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $1,261,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of VFLO. Lifestyle Asset Management Inc. raised its stake in VictoryShares Free Cash Flow ETF by 0.8% in the third quarter. Lifestyle Asset Management Inc. now owns 57,278 shares of the company’s stock valued at $1,907,000 after purchasing an additional 460 shares in the last quarter. CarsonAllaria Wealth Management Ltd. acquired a new position in VictoryShares Free Cash Flow ETF in the third quarter valued at about $29,000. FMR LLC acquired a new position in VictoryShares Free Cash Flow ETF in the third quarter valued at about $31,000. TAP Consulting LLC raised its stake in VictoryShares Free Cash Flow ETF by 1.6% in the third quarter. TAP Consulting LLC now owns 97,130 shares of the company’s stock valued at $3,234,000 after purchasing an additional 1,526 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $57,000.

VictoryShares Free Cash Flow ETF Stock Down 0.7 %

VFLO stock opened at $35.88 on Friday. The company has a market cap of $2.09 billion, a PE ratio of 13.10 and a beta of 0.75. The business has a 50-day simple moving average of $35.29 and a 200 day simple moving average of $33.71. VictoryShares Free Cash Flow ETF has a 52 week low of $27.86 and a 52 week high of $37.04.

VictoryShares Free Cash Flow ETF Cuts Dividend

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