VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sees Unusually-High Trading Volume – Here’s Why

Shares of VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw an uptick in trading volume on Wednesday. 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.

VictoryShares WestEnd US Sector ETF Stock Down 0.0%

The firm has a market capitalization of $1.08 billion, a PE ratio of 59.94 and a beta of 0.94. The stock’s fifty day simple moving average is $52.57 and its 200 day simple moving average is $50.40.

VictoryShares WestEnd US Sector ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were paid a dividend of $0.0475 per share. This is a positive change from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0137. The ex-dividend date was Wednesday, September 9th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is presently 41.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its holdings in VictoryShares WestEnd US Sector ETF by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock valued at $57,599,000 after buying an additional 24,925 shares in the last quarter. Bank of America Corp DE boosted its position in shares of VictoryShares WestEnd US Sector ETF by 48,293.9% during the 1st quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock valued at $43,254,000 after acquiring an additional 965,878 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock valued at $25,658,000 after purchasing an additional 30,182 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of VictoryShares WestEnd US Sector ETF by 29.5% in the first quarter. Royal Bank of Canada now owns 472,306 shares of the company’s stock valued at $21,107,000 after purchasing an additional 107,520 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in VictoryShares WestEnd US Sector ETF by 97.4% in the second quarter. Envestnet Asset Management Inc. now owns 383,308 shares of the company’s stock worth $19,537,000 after purchasing an additional 189,095 shares during the last quarter. 29.49% of the stock is currently owned by 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.