WBI Investments is giving up 82,000 shares of VFLO worth $2.6 million. Should this cash flow yield ETF have a place in your portfolio?
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WBI Investments sold 82,398 shares, reducing the position by approximately $2.6 million.
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The company still owns 160,664 shares valued at $6 million.
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VFLO now represents 1.54% of assets under management (AUM), placing it right among the fund’s top five holdings.
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According to a filing with the Securities and Exchange Commission updating third-quarter holdings, WBI Investments, LLC said it sold 82,398 shares of Victory Portfolios II – Free Cash Flow ETF VictoryShares (NASDAQ:VFLO). The post-trade position stands at 160,664 shares, valued at $6.02 million, down 1.77% to 1.54% of the fund’s assets under management from the previous quarter.
It was a reduction; VFLO now represents 1.54% of WBI Investments, LLC’s 13F assets under management, placing it among the fund’s top five holdings.
Main headlines after filing:
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WBIY: $24.10 million (6.2% of assets under management)
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WBIL: $20.95 million (5.4% of assets under management)
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WBIG: $20.85 million (5.3% of assets under management)
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WBIF: $18.35 million (4.7% of assets under management)
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VFLO: $6 million (1.5% of assets under management)
As of December 28, 2025, shares were priced at $39.8, up 16.3% from last year.
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Metric |
Value |
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Price (at market close 11/19/2025) |
$37.32 |
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Dividend yield |
1.57% |
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Total return over 1 year (dividends included) |
18.3% |
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The ETF’s investment strategy focuses on tracking an index of 50 large- and mid-cap U.S. companies selected for their strong free cash flow characteristics.
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The portfolio uses a free cash flow filter to seek out companies with high free cash flow yield without sacrificing growth potential.
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The structure is an exchange-traded fund with a rules-based methodology; Details of the expense ratio are available in regulatory documents.
The VictoryShares Free Cash Flow ETF (VFLO) provides investors with exposure to a select basket of large- and mid-cap U.S. stocks, with an emphasis on companies with strong free cash flow generation. The ETF uses a tracking strategy to closely track its custom index, with the aim of providing performance before fees and expenses that reflects the underlying holdings. This approach provides institutional investors with a transparent, rules-based vehicle to access quality U.S. stocks with an income component.
The reduction in WBI shares likely does not represent a lack of confidence in the ETF’s future returns. Total returns, including dividends, exceeded S&P500 index this year, and taking some of that gain could make sense.
However, holding VFLO in any investor’s portfolio also makes sense. The composition of the fund is created starting with the 400 largest profitable companies. A free cash flow screen then narrows it down to the 75 most profitable value stocks. It then eliminates companies with high free cash flow but low growth prospects to leave 50 stocks of growing companies with high free cash flow yield.
