Raleigh Capital Management Inc. Raises Holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Raleigh Capital Management Inc. raised its position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 52.9% during the fourth quarter, HoldingsChannel reports. The firm owned 8,032 shares of the company’s stock after purchasing an additional 2,778 shares during the period. Raleigh Capital Management Inc.’s holdings in VictoryShares Free Cash Flow ETF were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VFLO. CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the third quarter valued at about $29,000. FMR LLC acquired a new position in VictoryShares Free Cash Flow ETF during the third quarter worth about $31,000. Global Trust Asset Management LLC acquired a new stake in VictoryShares Free Cash Flow ETF in the 4th quarter valued at about $57,000. Private Trust Co. NA purchased a new position in VictoryShares Free Cash Flow ETF in the 3rd quarter worth approximately $67,000. Finally, HBC Financial Services PLLC acquired a new position in shares of VictoryShares Free Cash Flow ETF during the 4th quarter worth approximately $102,000.

VictoryShares Free Cash Flow ETF Price Performance

Shares of VictoryShares Free Cash Flow ETF stock opened at $36.15 on Friday. VictoryShares Free Cash Flow ETF has a 1-year low of $27.86 and a 1-year high of $37.04. The stock has a market cap of $1.97 billion, a P/E ratio of 13.10 and a beta of 0.75. The stock’s 50 day simple moving average is $35.27 and its 200-day simple moving average is $33.65.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, January 8th were given a dividend of $0.0062 per share. The ex-dividend date of this dividend was Wednesday, January 8th.

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.