Hartline Investment Corp Invests $264,000 in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Hartline Investment Corp acquired a new position in shares of VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) in the 1st quarter, HoldingsChannel reports. The fund acquired 8,132 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also made changes to their positions in VFLO. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at about $360,000. Raymond James & Associates purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at about $368,000. Financial Enhancement Group LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at about $672,000. Commonwealth Equity Services LLC lifted its holdings in shares of VictoryShares Free Cash Flow ETF by 101.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 41,315 shares of the company’s stock valued at $1,339,000 after purchasing an additional 20,798 shares during the last quarter. Finally, VitalStone Financial LLC purchased a new stake in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at about $1,312,000.

VictoryShares Free Cash Flow ETF Trading Down 1.0 %

Shares of VictoryShares Free Cash Flow ETF stock traded down $0.31 on Friday, hitting $30.28. The stock had a trading volume of 198,025 shares, compared to its average volume of 135,027. VictoryShares Free Cash Flow ETF has a 52-week low of $24.61 and a 52-week high of $32.54. The stock has a market cap of $439.36 million, a price-to-earnings ratio of 13.10 and a beta of 0.75. The company’s 50 day moving average price is $31.14 and its 200 day moving average price is $30.25.

VictoryShares Free Cash Flow ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 13th. Stockholders of record on Wednesday, June 12th were issued a $0.0637 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Wednesday, June 12th.

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.