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

VictoryShares WestEnd US Sector ETF (NASDAQ:MODLGet Free Report) 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. Investors 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 is Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is presently 40.45%.

VictoryShares WestEnd US Sector ETF Stock Performance

The company has a 50-day simple moving average of $50.34 and a 200-day simple moving average of $48.18. The stock has a market cap of $1.04 billion, a P/E ratio of 57.93 and a beta of 0.93.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Several hedge funds have recently modified their holdings of MODL. Goldman Sachs Group Inc. bought a new position in shares of VictoryShares WestEnd US Sector ETF in 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. raised its position in shares of VictoryShares WestEnd US Sector ETF by 0.3% in the 2nd quarter. Raymond James Financial Inc. now owns 882,830 shares of the company’s stock valued at $38,050,000 after acquiring an additional 2,921 shares during the period. Comerica Bank boosted its stake in 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 during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in VictoryShares WestEnd US Sector ETF during the third quarter valued at approximately $184,000. 29.49% of the stock is owned by institutional investors.

About VictoryShares WestEnd US Sector ETF

(Get Free Report)

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.

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