Royal Bank of Canada Raises Holdings in VictoryShares Free Cash Flow ETF $VFLO

Royal Bank of Canada lifted its position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,143,575 shares of the company’s stock after purchasing an additional 215,541 shares during the period. Royal Bank of Canada’s holdings in VictoryShares Free Cash Flow ETF were worth $84,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingdom Financial Group LLC. purchased a new position in VictoryShares Free Cash Flow ETF during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its stake in VictoryShares Free Cash Flow ETF by 187.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after buying an additional 750 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in VictoryShares Free Cash Flow ETF in the fourth quarter valued at approximately $52,000. Assetmark Inc. lifted its stake in VictoryShares Free Cash Flow ETF by 80.4% in the first quarter. Assetmark Inc. now owns 1,351 shares of the company’s stock valued at $53,000 after buying an additional 602 shares during the last quarter. Finally, Silver Grove Financial Group Inc. acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at approximately $60,000.

VictoryShares Free Cash Flow ETF Trading Up 0.2%

Shares of VFLO opened at $49.74 on Friday. The firm has a market cap of $9.01 billion, a PE ratio of 13.70 and a beta of 0.85. The company’s 50 day simple moving average is $46.82 and its 200-day simple moving average is $42.76. VictoryShares Free Cash Flow ETF has a 12-month low of $34.11 and a 12-month high of $50.67.

VictoryShares Free Cash Flow ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were given a $0.0249 dividend. The ex-dividend date was Thursday, July 9th. This represents a c) annualized dividend and a yield of 0.6%.

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.