Vantage Financial Partners LLC has raised its ownership in the VictoryShares Free Cash Flow ETF (NASDAQ: VFLO) by 5.3% during the third quarter of 2023, according to the firm’s recent Form 13F filing with the Securities and Exchange Commission. The financial firm now holds 784,456 shares of the ETF after acquiring an additional 39,601 shares in the reporting period. This increase positions the VictoryShares ETF as approximately 6.2% of Vantage Financial Partners’ total portfolio, making it the firm’s second-largest investment.
As of the end of the third quarter, Vantage Financial Partners’ holdings in the VictoryShares Free Cash Flow ETF were valued at about $29.4 million. Other hedge funds have also adjusted their positions in this ETF recently. For example, Flagship Harbor Advisors LLC increased its stake by 7.3%, now owning 204,505 shares valued at $7.67 million after purchasing an additional 13,892 shares.
In the same quarter, HORAN Wealth LLC made a new investment in the VictoryShares Free Cash Flow ETF worth approximately $433,000. Meanwhile, Greykasell Wealth Strategies Inc. significantly boosted its holdings by 263.4%, acquiring 81,035 shares valued at $3.04 million after adding 58,737 shares.
Similarly, Jones Financial Companies Lllp entered a new position in the ETF worth about $647,000. Lastly, Foundations Investment Advisors LLC increased its stake by 62.7%, owning 329,625 shares valued at $12.36 million after purchasing an additional 127,048 shares.
The VictoryShares Free Cash Flow ETF opened at $39.71 on Thursday, reflecting a 1.8% increase. The ETF boasts a market capitalization of $5.95 billion, a price-to-earnings ratio of 13.70, and a beta of 0.91. Its 50-day moving average stands at $39.62, while the 200-day moving average is $37.94. Over the past year, the ETF has recorded a low of $29.48 and a high of $40.67.
The VictoryShares Free Cash Flow ETF aims to track the Victory US Large Cap Free Cash Flow Index, which comprises leading U.S. companies recognized for strong free cash flow yields and robust growth metrics. Launched on June 21, 2023, this ETF is managed by VictoryShares.
For those interested in monitoring further changes in holdings by other hedge funds, resources such as HoldingsChannel.com provide updated information on recent 13F filings and insider trades related to the VictoryShares Free Cash Flow ETF.
