Farther Finance Advisors LLC Cuts Holdings in VictoryShares Free Cash Flow ETF $VFLO

Farther Finance Advisors LLC lessened its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 73.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 95,793 shares of the company’s stock after selling 263,358 shares during the period. Farther Finance Advisors LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $3,592,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in VictoryShares Free Cash Flow ETF by 29.5% in the second quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock worth $446,098,000 after purchasing an additional 2,874,353 shares during the last quarter. Allworth Financial LP lifted its position in shares of VictoryShares Free Cash Flow ETF by 2.0% in the 2nd quarter. Allworth Financial LP now owns 6,704,169 shares of the company’s stock worth $236,992,000 after purchasing an additional 131,110 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in VictoryShares Free Cash Flow ETF by 14.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,341,983 shares of the company’s stock valued at $224,189,000 after acquiring an additional 791,171 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of VictoryShares Free Cash Flow ETF by 37.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock worth $121,134,000 after acquiring an additional 929,599 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its stake in shares of VictoryShares Free Cash Flow ETF by 35.7% during the 2nd quarter. Annex Advisory Services LLC now owns 3,173,134 shares of the company’s stock worth $112,170,000 after purchasing an additional 834,478 shares during the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VFLO stock opened at $39.75 on Thursday. The stock’s 50-day moving average is $38.43 and its 200 day moving average is $37.00. VictoryShares Free Cash Flow ETF has a 1-year low of $29.48 and a 1-year high of $40.20. The company has a market cap of $5.26 billion, a P/E ratio of 13.70 and a beta of 0.91.

VictoryShares Free Cash Flow ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were paid a dividend of $0.1502 per share. This is a boost from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02. The ex-dividend date was Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.