Envestnet Asset Management Inc. Makes New $7.87 Million Investment in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Envestnet Asset Management Inc. purchased a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 254,635 shares of the company’s stock, valued at approximately $7,873,000. Envestnet Asset Management Inc. owned 1.43% of VictoryShares Free Cash Flow ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VFLO. Miracle Mile Advisors LLC bought a new position in VictoryShares Free Cash Flow ETF during the first quarter worth about $71,693,000. Great Valley Advisor Group Inc. acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the second quarter worth approximately $15,449,000. WBI Investments LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the first quarter worth approximately $7,173,000. Commonwealth Equity Services LLC increased its holdings in shares of VictoryShares Free Cash Flow ETF by 352.5% during the second quarter. Commonwealth Equity Services LLC now owns 186,945 shares of the company’s stock worth $5,780,000 after buying an additional 145,630 shares in the last quarter. Finally, Transform Wealth LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the second quarter worth approximately $3,871,000.

VictoryShares Free Cash Flow ETF Trading Up 0.8 %

NASDAQ VFLO opened at $33.21 on Friday. The firm has a market cap of $592.47 million, a price-to-earnings ratio of 13.10 and a beta of 0.75. The company has a 50 day moving average of $32.34 and a 200-day moving average of $31.69. VictoryShares Free Cash Flow ETF has a 1-year low of $24.61 and a 1-year high of $33.46.

VictoryShares Free Cash Flow ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.061 per share. This represents a $0.73 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Wednesday, September 11th.

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.