Mechanics Bank Trust Department Buys 13,970 Shares of VictoryShares Free Cash Flow ETF $VFLO

Mechanics Bank Trust Department grew its position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,550 shares of the company’s stock after purchasing an additional 13,970 shares during the quarter. Mechanics Bank Trust Department owned about 0.06% of VictoryShares Free Cash Flow ETF worth $2,908,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC bought a new position in VictoryShares Free Cash Flow ETF during the first quarter worth $33,000. Ameritas Advisory Services LLC acquired a new stake in VictoryShares Free Cash Flow ETF during the 2nd quarter worth about $36,000. Geneos Wealth Management Inc. grew its holdings in VictoryShares Free Cash Flow ETF by 187.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after acquiring an additional 750 shares during the period. Belpointe Asset Management LLC bought a new position in shares of VictoryShares Free Cash Flow ETF in the 1st quarter worth about $203,000. Finally, Visionary Wealth Advisors acquired a new position in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at about $215,000.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VictoryShares Free Cash Flow ETF stock opened at $39.42 on Monday. The stock’s 50-day moving average is $38.70 and its 200 day moving average is $37.24. VictoryShares Free Cash Flow ETF has a one year low of $29.48 and a one year high of $40.20. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 13.70 and a beta of 0.91.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were given a dividend of $0.1502 per share. This is a positive change from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.