VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sees Large Volume Increase Following Dividend Announcement

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) shares saw strong trading volume on Wednesday following a dividend announcement from the company. 149,261 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 73,980 shares. The stock last traded at $53.29 and had previously closed at $53.35.

The newly announced dividend which will be paid on Friday, October 9th. Investors of record on Thursday, October 8th will be issued a $0.0223 dividend. This represents a $0.27 annualized dividend and a yield of 0.5%. This is a decrease from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0475. The ex-dividend date is Thursday, October 8th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is presently 41.57%.

VictoryShares WestEnd US Sector ETF Trading Down 0.6%

The stock has a market cap of $1.07 billion, a PE ratio of 59.53 and a beta of 0.94. The business has a fifty day simple moving average of $52.67 and a two-hundred day simple moving average of $50.52.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Several institutional investors and hedge funds have recently bought and sold shares of MODL. Envestnet Asset Management Inc. increased its stake in VictoryShares WestEnd US Sector ETF by 97.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 383,308 shares of the company’s stock worth $19,537,000 after buying an additional 189,095 shares in the last quarter. Capital Analysts LLC raised its holdings in VictoryShares WestEnd US Sector ETF by 52.4% during the second quarter. Capital Analysts LLC now owns 35,491 shares of the company’s stock valued at $1,809,000 after acquiring an additional 12,199 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of VictoryShares WestEnd US Sector ETF by 86.4% in the second quarter. Concurrent Investment Advisors LLC now owns 13,788 shares of the company’s stock valued at $703,000 after acquiring an additional 6,391 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of VictoryShares WestEnd US Sector ETF by 110.9% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 13,449 shares of the company’s stock valued at $601,000 after acquiring an additional 7,073 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 48,293.9% in the first quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock worth $43,254,000 after acquiring an additional 965,878 shares during the period. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

VictoryShares WestEnd US Sector ETF Company Profile

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.