Royal Bank of Canada Has $21.11 Million Stock Holdings in VictoryShares WestEnd US Sector ETF $MODL

Royal Bank of Canada grew its holdings in VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) by 29.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 472,306 shares of the company’s stock after acquiring an additional 107,520 shares during the period. Royal Bank of Canada owned 2.49% of VictoryShares WestEnd US Sector ETF worth $21,107,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MODL. Northwestern Mutual Wealth Management Co. increased its position in VictoryShares WestEnd US Sector ETF by 6.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,227 shares of the company’s stock worth $201,000 after buying an additional 244 shares during the last quarter. Comerica Bank boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 11.2% during the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after acquiring an additional 452 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 1.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 46,252 shares of the company’s stock worth $2,198,000 after acquiring an additional 536 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 3.2% during the 4th quarter. Arkadios Wealth Advisors now owns 21,469 shares of the company’s stock valued at $1,020,000 after acquiring an additional 666 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 2.5% during the 4th quarter. Sanctuary Advisors LLC now owns 27,793 shares of the company’s stock valued at $1,321,000 after acquiring an additional 671 shares during the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Stock Performance

Shares of MODL stock opened at $52.58 on Thursday. The stock’s 50 day simple moving average is $50.92 and its 200 day simple moving average is $48.67. VictoryShares WestEnd US Sector ETF has a twelve month low of $43.38 and a twelve month high of $52.99. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 59.08 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a $0.0221 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is currently 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.