D.A. Davidson & CO. lowered its holdings in shares of VictoryShares WestEnd US Sector ETF (NASDAQ:MODL – Free Report) by 45.0% during the third quarter, HoldingsChannel.com reports. The firm owned 113,056 shares of the company’s stock after selling 92,502 shares during the period. D.A. Davidson & CO.’s holdings in VictoryShares WestEnd US Sector ETF were worth $5,917,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in VictoryShares WestEnd US Sector ETF during the first quarter valued at $208,000. Pine Valley Investments Ltd Liability Co grew its position in shares of VictoryShares WestEnd US Sector ETF by 110.9% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 13,449 shares of the company’s stock valued at $601,000 after purchasing an additional 7,073 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of VictoryShares WestEnd US Sector ETF by 86.4% in the second quarter. Concurrent Investment Advisors LLC now owns 13,788 shares of the company’s stock valued at $703,000 after purchasing an additional 6,391 shares during the period. Arkadios Wealth Advisors increased its stake in shares of VictoryShares WestEnd US Sector ETF by 5.3% during the first quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock worth $1,010,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of VictoryShares WestEnd US Sector ETF by 10.0% during the first quarter. Private Advisor Group LLC now owns 23,890 shares of the company’s stock worth $1,068,000 after purchasing an additional 2,176 shares in the last quarter. Hedge funds and other institutional investors own 29.49% of the company’s stock.
VictoryShares WestEnd US Sector ETF Stock Down 1.4%
MODL opened at $51.97 on Friday. VictoryShares WestEnd US Sector ETF has a twelve month low of $43.38 and a twelve month high of $53.45. The company has a 50-day moving average price of $52.72 and a 200 day moving average price of $49.90. The company has a market cap of $1.06 billion, a PE ratio of 58.39 and a beta of 0.94.
VictoryShares WestEnd US Sector ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were paid a dividend of $0.0223 per share. This is a decrease from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0475. The ex-dividend date was Thursday, October 8th. This represents a $0.27 annualized dividend and a yield of 0.5%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is presently 39.33%.
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.
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Want to see what other hedge funds are holding MODL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VictoryShares WestEnd US Sector ETF (NASDAQ:MODL – Free Report).
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