LPL Financial LLC Grows Stock Position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

LPL Financial LLC increased its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 185.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,114,921 shares of the company’s stock after buying an additional 2,672,029 shares during the quarter. LPL Financial LLC owned about 0.07% of VictoryShares Free Cash Flow ETF worth $140,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC bought a new stake in shares of VictoryShares Free Cash Flow ETF in the 3rd quarter worth about $31,000. Allworth Financial LP purchased a new stake in VictoryShares Free Cash Flow ETF in the 4th quarter worth about $47,000. Global Trust Asset Management LLC purchased a new stake in VictoryShares Free Cash Flow ETF in the 4th quarter worth about $57,000. Jones Financial Companies Lllp bought a new stake in VictoryShares Free Cash Flow ETF in the fourth quarter worth about $59,000. Finally, Kestra Investment Management LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF during the fourth quarter valued at approximately $62,000.

VictoryShares Free Cash Flow ETF Stock Performance

VFLO opened at $35.33 on Tuesday. VictoryShares Free Cash Flow ETF has a one year low of $30.19 and a one year high of $37.04. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 14.26 and a beta of 0.75. The stock’s 50 day moving average price is $35.26 and its 200-day moving average price is $34.63.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 10th were paid a $0.0638 dividend. This is a positive change from VictoryShares Free Cash Flow ETF’s previous dividend of $0.05. The ex-dividend date was Monday, March 10th.

VictoryShares Free Cash Flow ETF 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.