Goldstein Advisors LLC Has $55.95 Million Stake in VictoryShares Free Cash Flow ETF $VFLO

Goldstein Advisors LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 32.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,582,738 shares of the company’s stock after acquiring an additional 383,959 shares during the period. VictoryShares Free Cash Flow ETF accounts for approximately 7.5% of Goldstein Advisors LLC’s portfolio, making the stock its 4th biggest holding. Goldstein Advisors LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $55,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VFLO. Ancora Advisors LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the first quarter worth approximately $33,000. HM Payson & Co. acquired a new position in shares of VictoryShares Free Cash Flow ETF during the first quarter worth approximately $35,000. Ameritas Advisory Services LLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the second quarter worth approximately $36,000. Geneos Wealth Management Inc. boosted its position in shares of VictoryShares Free Cash Flow ETF by 187.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,150 shares of the company’s stock worth $39,000 after buying an additional 750 shares during the period. Finally, Smith Salley Wealth Management acquired a new position in shares of VictoryShares Free Cash Flow ETF during the first quarter worth approximately $201,000.

VictoryShares Free Cash Flow ETF Price Performance

VFLO opened at $37.09 on Friday. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 13.70 and a beta of 0.94. VictoryShares Free Cash Flow ETF has a 1-year low of $29.48 and a 1-year high of $38.22. The business has a 50 day moving average price of $37.11 and a two-hundred day moving average price of $35.15.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, October 9th were given a $0.0395 dividend. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, October 9th.

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.