Fifth Third Bancorp Takes Position in VictoryShares Free Cash Flow ETF $VFLO

Fifth Third Bancorp acquired a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 151,964 shares of the company’s stock, valued at approximately $6,000,000. Fifth Third Bancorp owned 0.10% of VictoryShares Free Cash Flow ETF as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Kingdom Financial Group LLC. acquired a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at $25,000. 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. Zions Bancorporation National Association UT bought a new position in shares of VictoryShares Free Cash Flow ETF in the 4th quarter worth about $52,000. Silver Grove Financial Group Inc. bought a new position in shares of VictoryShares Free Cash Flow ETF in the 4th quarter worth about $60,000. Finally, HM Payson & Co. raised its position in shares of VictoryShares Free Cash Flow ETF by 141.5% in the 4th quarter. HM Payson & Co. now owns 2,475 shares of the company’s stock worth $97,000 after acquiring an additional 1,450 shares in the last quarter.

VictoryShares Free Cash Flow ETF Price Performance

Shares of NASDAQ:VFLO opened at $47.89 on Friday. VictoryShares Free Cash Flow ETF has a 1 year low of $34.11 and a 1 year high of $48.24. The business’s 50-day moving average is $45.60 and its 200-day moving average is $42.10. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 13.70 and a beta of 0.85.

VictoryShares Free Cash Flow ETF Cuts Dividend

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