Sagespring Wealth Partners LLC Grows Position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Sagespring Wealth Partners LLC grew its stake in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 87.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 69,869 shares of the company’s stock after acquiring an additional 32,637 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $2,395,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Burkett Financial Services LLC purchased a new position in VictoryShares Free Cash Flow ETF during the first quarter worth $45,000. Allworth Financial LP purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at $47,000. Jones Financial Companies Lllp purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at $59,000. Kestra Investment Management LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at $62,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the fourth quarter valued at $130,000.

VictoryShares Free Cash Flow ETF Stock Up 0.8%

Shares of NASDAQ:VFLO opened at $35.34 on Tuesday. The company has a market cap of $3.83 billion, a P/E ratio of 13.58 and a beta of 0.94. VictoryShares Free Cash Flow ETF has a 52 week low of $29.48 and a 52 week high of $37.04. The business has a fifty day simple moving average of $33.49 and a 200-day simple moving average of $34.36.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, June 9th were given a $0.0796 dividend. The ex-dividend date was Monday, June 9th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 2.70%. This is an increase from VictoryShares Free Cash Flow ETF’s previous monthly dividend of $0.00.

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.