Integrated Wealth Concepts LLC Sells 11,884 Shares of VictoryShares WestEnd US Sector ETF $MODL

Integrated Wealth Concepts LLC cut its holdings in VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 682,675 shares of the company’s stock after selling 11,884 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 3.38% of VictoryShares WestEnd US Sector ETF worth $34,796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in VictoryShares WestEnd US Sector ETF during the 4th quarter worth about $38,000. Capital Analysts LLC bought a new position in shares of VictoryShares WestEnd US Sector ETF in the fourth quarter worth about $126,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of VictoryShares WestEnd US Sector ETF during the third quarter worth approximately $184,000. Comerica Bank grew its stake in shares of VictoryShares WestEnd US Sector ETF by 11.2% during the third quarter. Comerica Bank now owns 4,483 shares of the company’s stock valued at $207,000 after purchasing an additional 452 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of VictoryShares WestEnd US Sector ETF during the first quarter valued at approximately $208,000. Institutional investors and hedge funds own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Price Performance

MODL stock opened at $52.52 on Wednesday. The company has a 50 day moving average price of $52.05 and a 200 day moving average price of $49.58. VictoryShares WestEnd US Sector ETF has a fifty-two week low of $43.38 and a fifty-two week high of $53.43. The stock has a market capitalization of $1.06 billion, a PE ratio of 59.01 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, September 9th will be issued a $0.0475 dividend. This is a positive change from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, September 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is 39.33%.

About VictoryShares WestEnd US Sector ETF

M*Modal IP LLC, formerly known as Medquist Holdings, Inc, is a United States-based company, which provides clinical transcription services, clinical documentation workflow solutions, cloud-based Speech Understanding technology, and unstructured data analytics. The Company also offers voice to text solutions to capture the patient story, codifies the doctors narrative to populate EHRs and other healthcare information systems, delivers computer-assisted coding to support ICD-9 and the transition to ICD-10, and provides analytical tools.