Golden State Wealth Management LLC Invests $102,000 in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Golden State Wealth Management LLC acquired a new stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $102,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Money Concepts Capital Corp acquired a new stake in VictoryShares Free Cash Flow ETF during the 4th quarter worth $360,000. Fourpath Capital Management LLC raised its position in shares of VictoryShares Free Cash Flow ETF by 50.1% during the fourth quarter. Fourpath Capital Management LLC now owns 11,176 shares of the company’s stock worth $381,000 after purchasing an additional 3,730 shares during the period. KPP Advisory Services LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 10.8% during the 4th quarter. KPP Advisory Services LLC now owns 36,726 shares of the company’s stock valued at $1,252,000 after purchasing an additional 3,573 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 51.4% in the fourth quarter. DAVENPORT & Co LLC now owns 13,585 shares of the company’s stock valued at $463,000 after buying an additional 4,613 shares during the period. Finally, SimpliFi Inc. boosted its stake in VictoryShares Free Cash Flow ETF by 1.8% in the 4th quarter. SimpliFi Inc. now owns 70,610 shares of the company’s stock worth $2,407,000 after purchasing an additional 1,275 shares during the period.

VictoryShares Free Cash Flow ETF Stock Performance

NASDAQ:VFLO opened at $35.20 on Monday. The company has a market cap of $2.19 billion, a PE ratio of 13.10 and a beta of 0.75. VictoryShares Free Cash Flow ETF has a 52-week low of $28.38 and a 52-week high of $37.04. The stock has a 50-day simple moving average of $35.17 and a 200 day simple moving average of $34.02.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, February 10th. Investors of record on Friday, February 7th will be issued a dividend of $0.0486 per share. This is a boost from VictoryShares Free Cash Flow ETF’s previous dividend of $0.01. The ex-dividend date is Friday, February 7th.

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.