LPL Financial LLC Buys 2,672,029 Shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

LPL Financial LLC lifted its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 185.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,114,921 shares of the company’s stock after buying an additional 2,672,029 shares during the period. LPL Financial LLC owned approximately 6.63% of VictoryShares Free Cash Flow ETF worth $140,278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. DDD Partners LLC increased its position in shares of VictoryShares Free Cash Flow ETF by 1.5% in the fourth quarter. DDD Partners LLC now owns 58,209 shares of the company’s stock valued at $1,984,000 after acquiring an additional 868 shares during the period. FMR LLC bought a new stake in shares of VictoryShares Free Cash Flow ETF in the third quarter worth about $31,000. SimpliFi Inc. increased its holdings in VictoryShares Free Cash Flow ETF by 1.8% during the 4th quarter. SimpliFi Inc. now owns 70,610 shares of the company’s stock valued at $2,407,000 after purchasing an additional 1,275 shares during the period. Allworth Financial LP bought a new position in VictoryShares Free Cash Flow ETF during the 4th quarter valued at approximately $47,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in VictoryShares Free Cash Flow ETF by 7.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 22,231 shares of the company’s stock worth $758,000 after buying an additional 1,495 shares during the period.

VictoryShares Free Cash Flow ETF Stock Performance

VFLO opened at $35.33 on Tuesday. The stock has a market capitalization of $3.95 billion, a PE ratio of 14.26 and a beta of 0.75. The stock’s 50 day moving average price is $35.26 and its 200-day moving average price is $34.63. VictoryShares Free Cash Flow ETF has a 52-week low of $30.19 and a 52-week high of $37.04.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 10th were given a dividend of $0.0638 per share. This is an increase from VictoryShares Free Cash Flow ETF’s previous dividend of $0.05. The ex-dividend date was Monday, March 10th.

VictoryShares Free Cash Flow ETF 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.