Vantage Financial Partners LLC has expanded its position in the VictoryShares Free Cash Flow ETF (NASDAQ: VFLO) by 5.3% during the third quarter of 2023. According to the firm’s latest Form 13F filing with the Securities and Exchange Commission, Vantage now holds 784,456 shares after acquiring an additional 39,601 shares in the period. This investment represents approximately 6.2% of the firm’s total portfolio, making VFLO its second-largest holding, valued at approximately $29.4 million as of the end of the reporting period.
Several other hedge funds have also adjusted their stakes in the VictoryShares Free Cash Flow ETF recently. Flagship Harbor Advisors LLC increased its holdings by 7.3%, now owning 204,505 shares valued at around $7.67 million. Meanwhile, HORAN Wealth LLC entered a new position in VFLO, investing approximately $433,000 during the same quarter. Greykasell Wealth Strategies Inc. significantly raised its stake by 263.4%, acquiring an additional 58,737 shares to reach a total of 81,035 shares, valued at $3.04 million.
Jones Financial Companies Lllp also took a new position in VFLO worth about $647,000. Additionally, Foundations Investment Advisors LLC boosted its stake by 62.7%, bringing its total to 329,625 shares, valued at approximately $12.36 million.
Performance Insights and Upcoming Developments
As of today, the VictoryShares Free Cash Flow ETF trades at $39.71, marking a 1.8% increase. The fund’s market capitalization stands at $5.95 billion, with a price-to-earnings (P/E) ratio of 13.70 and a beta of 0.91, indicating its relatively stable performance compared to the broader market. The ETF’s 50-day moving average is $39.62, while its 200-day moving average is $37.94. Over the past year, the ETF has experienced a low of $29.48 and a high of $40.67.
The VictoryShares Free Cash Flow ETF, launched on June 21, 2023, is designed to track the Victory US Large Cap Free Cash Flow Index. This index comprises leading U.S. companies that are recognized for their strong free cash flow yields and growth potential. With its recent dividend increase, the ETF aims to attract further investment interest.
For those interested in monitoring other hedge fund activities regarding VFLO, resources such as HoldingsChannel.com provide updates on the latest 13F filings and insider trades related to the VictoryShares Free Cash Flow ETF.
