Axxcess Wealth Management LLC Has $427,000 Position in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO)

Axxcess Wealth Management LLC raised its stake in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 49.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,530 shares of the company’s stock after buying an additional 4,168 shares during the quarter. Axxcess Wealth Management LLC’s holdings in VictoryShares Free Cash Flow ETF were worth $427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Madison Investment Advisors LLC purchased a new position in shares of VictoryShares Free Cash Flow ETF during the 4th quarter valued at $1,241,000. Commonwealth Equity Services LLC boosted its position in VictoryShares Free Cash Flow ETF by 74.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 693,621 shares of the company’s stock valued at $23,646,000 after purchasing an additional 295,584 shares during the last quarter. Hollencrest Capital Management purchased a new position in VictoryShares Free Cash Flow ETF in the fourth quarter valued at about $290,000. Moors & Cabot Inc. acquired a new position in VictoryShares Free Cash Flow ETF in the 4th quarter worth about $215,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of VictoryShares Free Cash Flow ETF by 10.5% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 27,346 shares of the company’s stock worth $932,000 after purchasing an additional 2,599 shares in the last quarter.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of NASDAQ VFLO opened at $34.67 on Friday. The business has a 50 day simple moving average of $35.26 and a 200 day simple moving average of $34.58. VictoryShares Free Cash Flow ETF has a 52 week low of $30.19 and a 52 week high of $37.04. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 14.05 and a beta of 0.75.

VictoryShares Free Cash Flow ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, March 10th were paid a dividend of $0.0638 per share. This is a positive change from VictoryShares Free Cash Flow ETF’s previous dividend of $0.05. The ex-dividend date was Monday, March 10th.

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.