HighTower Advisors LLC Increases Stake in VictoryShares Free Cash Flow ETF $VFLO

HighTower Advisors LLC raised its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,977,348 shares of the company’s stock after acquiring an additional 120,109 shares during the quarter. HighTower Advisors LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $117,248,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VFLO. Bank of America Corp DE boosted its holdings in VictoryShares Free Cash Flow ETF by 29.5% during the second quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock worth $446,098,000 after buying an additional 2,874,353 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in VictoryShares Free Cash Flow ETF in the second quarter valued at $35,234,000. Raymond James Financial Inc. increased its holdings in VictoryShares Free Cash Flow ETF by 37.2% in the second quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock valued at $121,134,000 after buying an additional 929,599 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of VictoryShares Free Cash Flow ETF in the third quarter worth about $32,786,000. Finally, Modern Wealth Management LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 67.4% in the third quarter. Modern Wealth Management LLC now owns 1,694,698 shares of the company’s stock worth $63,551,000 after acquiring an additional 682,133 shares during the period.

VictoryShares Free Cash Flow ETF Stock Down 0.4%

VFLO stock opened at $42.57 on Wednesday. VictoryShares Free Cash Flow ETF has a 52-week low of $33.34 and a 52-week high of $43.78. The firm has a market cap of $6.76 billion, a P/E ratio of 13.70 and a beta of 0.80. The company’s 50-day simple moving average is $40.86 and its 200-day simple moving average is $39.89.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were given a dividend of $0.0134 per share. The ex-dividend date was Friday, May 8th. This represents a c) dividend on an annualized basis and a yield of 0.4%.

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.