VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Announces Monthly Dividend of $0.05

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) declared a monthly dividend on Tuesday, September 8th. Investors of record on Wednesday, September 9th will be paid a dividend of 0.0475 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a 247.3% increase from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01.

VictoryShares WestEnd US Sector ETF Price Performance

Shares of NASDAQ MODL opened at $52.52 on Wednesday. The company has a 50 day simple moving average of $52.05 and a 200 day simple moving average of $49.58. VictoryShares WestEnd US Sector ETF has a 1 year low of $43.38 and a 1 year high of $53.43. The firm has a market cap of $1.06 billion, a PE ratio of 59.01 and a beta of 0.93.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new position in VictoryShares WestEnd US Sector ETF during the 1st quarter worth $215,000. Jane Street Group LLC bought a new stake in shares of VictoryShares WestEnd US Sector ETF in the 1st quarter valued at about $477,000. Raymond James Financial Inc. increased its stake in shares of VictoryShares WestEnd US Sector ETF by 0.3% in the second quarter. Raymond James Financial Inc. now owns 882,830 shares of the company’s stock valued at $38,050,000 after buying an additional 2,921 shares during the period. Comerica Bank increased its stake in shares of VictoryShares WestEnd US Sector ETF by 11.2% in 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 during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of VictoryShares WestEnd US Sector ETF during the third quarter worth about $184,000. Institutional investors and hedge funds own 29.49% of the company’s stock.

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.