Janney Montgomery Scott LLC Increases Stock Position in VictoryShares WestEnd US Sector ETF $MODL

Janney Montgomery Scott LLC lifted its position in shares of VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,288,857 shares of the company’s stock after buying an additional 24,925 shares during the period. Janney Montgomery Scott LLC owned approximately 6.82% of VictoryShares WestEnd US Sector ETF worth $57,599,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in VictoryShares WestEnd US Sector ETF in the fourth quarter valued at $38,000. Allworth Financial LP acquired a new stake in VictoryShares WestEnd US Sector ETF during the third quarter worth about $78,000. Capital Analysts LLC purchased a new position in shares of VictoryShares WestEnd US Sector ETF in the 4th quarter worth about $126,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of VictoryShares WestEnd US Sector ETF in the 3rd quarter worth about $184,000. Finally, Comerica Bank raised its holdings in shares of VictoryShares WestEnd US Sector ETF by 11.2% in the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after purchasing an additional 452 shares during the period. 29.49% of the stock is owned by hedge funds and other institutional investors.

VictoryShares WestEnd US Sector ETF Price Performance

NASDAQ MODL opened at $50.26 on Monday. VictoryShares WestEnd US Sector ETF has a 1-year low of $42.65 and a 1-year high of $51.28. The firm has a market capitalization of $954.34 million, a P/E ratio of 56.47 and a beta of 0.94. The business’s 50-day simple moving average is $49.89 and its 200-day simple moving average is $47.96.

VictoryShares WestEnd US Sector ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were issued a $0.048 dividend. The ex-dividend date was Tuesday, June 9th. This is a positive change from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 1.1%. VictoryShares WestEnd US Sector ETF’s payout ratio is 40.45%.

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.