VictoryShares WestEnd US Sector ETF $MODL Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,288,857 shares of the company’s stock after purchasing an additional 24,925 shares during the period. Janney Montgomery Scott LLC owned 0.07% of VictoryShares WestEnd US Sector ETF worth $57,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MODL. Victory Capital Management Inc. increased its holdings in VictoryShares WestEnd US Sector ETF by 7.8% in the 4th quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock valued at $260,446,000 after purchasing an additional 395,473 shares in the last quarter. LPL Financial LLC lifted its stake in shares of VictoryShares WestEnd US Sector ETF by 33.5% during the fourth quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock worth $51,994,000 after purchasing an additional 274,425 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of VictoryShares WestEnd US Sector ETF by 12.4% during the third quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock worth $45,858,000 after purchasing an additional 109,420 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of VictoryShares WestEnd US Sector ETF in the fourth quarter worth about $3,506,000. Finally, Fairvoy Private Wealth LLC purchased a new stake in shares of VictoryShares WestEnd US Sector ETF in the first quarter worth about $3,266,000. 29.49% of the stock is owned by hedge funds and other institutional investors.

VictoryShares WestEnd US Sector ETF Stock Performance

MODL stock opened at $50.26 on Monday. VictoryShares WestEnd US Sector ETF has a 1 year low of $42.65 and a 1 year high of $51.28. The firm has a market cap of $954.34 million, a P/E ratio of 56.47 and a beta of 0.94. The stock has a 50-day simple moving average of $49.89 and a 200-day simple moving average of $47.96.

VictoryShares WestEnd US Sector ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were issued a $0.048 dividend. The ex-dividend date was Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 1.1%. This is a boost from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is currently 40.45%.

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.