Advance Capital Management Inc. Increases Stake in VictoryShares Free Cash Flow ETF $VFLO

Advance Capital Management Inc. raised its position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 4.7% in the 1st quarter, Holdings Channel reports. The fund owned 248,988 shares of the company’s stock after acquiring an additional 11,111 shares during the period. VictoryShares Free Cash Flow ETF accounts for approximately 0.4% of Advance Capital Management Inc.’s holdings, making the stock its 22nd biggest position. Advance Capital Management Inc.’s holdings in VictoryShares Free Cash Flow ETF were worth $9,830,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of VictoryShares Free Cash Flow ETF by 29.5% during the 2nd 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 period. Morgan Stanley boosted its holdings in VictoryShares Free Cash Flow ETF by 22.1% during the fourth quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock worth $469,851,000 after buying an additional 2,158,181 shares in the last quarter. LPL Financial LLC grew its position in VictoryShares Free Cash Flow ETF by 11.3% during the fourth quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock worth $483,588,000 after buying an additional 1,249,407 shares during the period. Ameriprise Financial Inc. purchased a new position in VictoryShares Free Cash Flow ETF in the second quarter valued at about $35,234,000. Finally, Raymond James Financial Inc. lifted its position in shares of VictoryShares Free Cash Flow ETF by 37.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock valued at $121,134,000 after acquiring an additional 929,599 shares during the period.

VictoryShares Free Cash Flow ETF Stock Performance

VictoryShares Free Cash Flow ETF stock opened at $46.89 on Tuesday. 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 capitalization of $7.97 billion, a price-to-earnings ratio of 13.70 and a beta of 0.85. The stock’s fifty day moving average is $44.76 and its two-hundred day moving average is $41.65.

VictoryShares Free Cash Flow ETF Increases Dividend

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

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.