Cornerstone Wealth Group LLC Buys Shares of 173,014 VictoryShares Free Cash Flow ETF $VFLO

Cornerstone Wealth Group LLC bought a new stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 173,014 shares of the company’s stock, valued at approximately $7,232,000. Cornerstone Wealth Group LLC owned approximately 0.11% of VictoryShares Free Cash Flow ETF at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA raised its position in shares of VictoryShares Free Cash Flow ETF by 0.7% in the third quarter. Comprehensive Financial Planning Inc. PA now owns 44,845 shares of the company’s stock valued at $1,682,000 after buying an additional 309 shares during the last quarter. Private Trust Co. NA boosted its position in VictoryShares Free Cash Flow ETF by 4.7% during the fourth quarter. Private Trust Co. NA now owns 13,275 shares of the company’s stock worth $523,000 after acquiring an additional 600 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in VictoryShares Free Cash Flow ETF during the fourth quarter worth approximately $25,000. Cornerstone Wealth Management LLC grew its stake in VictoryShares Free Cash Flow ETF by 0.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 92,426 shares of the company’s stock worth $3,640,000 after acquiring an additional 712 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in VictoryShares Free Cash Flow ETF by 187.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock valued at $39,000 after acquiring an additional 750 shares during the last quarter.

VictoryShares Free Cash Flow ETF Stock Up 1.4%

Shares of VictoryShares Free Cash Flow ETF stock opened at $46.19 on Friday. VictoryShares Free Cash Flow ETF has a fifty-two week low of $34.11 and a fifty-two week high of $48.24. The firm has a market cap of $7.33 billion, a PE ratio of 13.70 and a beta of 0.84. The business’s fifty day moving average is $44.17 and its two-hundred day moving average is $41.35.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were paid a $0.0469 dividend. The ex-dividend date was Tuesday, June 9th. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 1.2%.

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.