VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sees Unusually-High Trading Volume After Dividend Announcement

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw strong trading volume on Thursday following a dividend announcement from the company. Approximately 305,930 shares were traded during mid-day trading, an increase of 253% from the previous session’s volume of 86,684 shares.The stock last traded at $51.5490 and had previously closed at $51.14.

The newly announced dividend which will be paid on Friday, July 10th. Stockholders of record on Thursday, July 9th will be paid a $0.0221 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s payout ratio is 40.45%.

VictoryShares WestEnd US Sector ETF Stock Up 0.8%

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 57.93 and a beta of 0.93. The company has a fifty day moving average of $50.34 and a two-hundred day moving average of $48.18.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter valued at $38,000. Allworth Financial LP purchased a new stake in VictoryShares WestEnd US Sector ETF during the third quarter valued at about $78,000. Capital Analysts LLC acquired a new position in shares of VictoryShares WestEnd US Sector ETF in the fourth quarter worth about $126,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of VictoryShares WestEnd US Sector ETF in the third quarter valued at $184,000. Finally, Comerica Bank grew its holdings 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 buying an additional 452 shares in the last quarter. 29.49% of the stock is currently owned by institutional investors and hedge funds.

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.