J.W. Cole Advisors Inc. Makes New Investment in VictoryShares WestEnd US Sector ETF $MODL

J.W. Cole Advisors Inc. acquired a new position in shares of VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 73,770 shares of the company’s stock, valued at approximately $3,506,000.

Several other hedge funds have also made changes to their positions in MODL. Northwestern Mutual Wealth Management Co. lifted its position in VictoryShares WestEnd US Sector ETF by 6.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,227 shares of the company’s stock valued at $201,000 after purchasing an additional 244 shares during the period. Kuhn & Co Investment Counsel raised its position in shares of VictoryShares WestEnd US Sector ETF by 9.7% during the 4th quarter. Kuhn & Co Investment Counsel now owns 56,502 shares of the company’s stock worth $2,685,000 after purchasing an additional 5,009 shares during the last quarter. Truist Financial Corp raised its position in shares of VictoryShares WestEnd US Sector ETF by 5.7% during the 4th quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after purchasing an additional 60,079 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of VictoryShares WestEnd US Sector ETF by 226.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,165 shares of the company’s stock worth $721,000 after purchasing an additional 10,526 shares during the last quarter. Finally, Huntleigh Advisors Inc. raised its holdings in VictoryShares WestEnd US Sector ETF by 2.7% in the 4th quarter. Huntleigh Advisors Inc. now owns 95,662 shares of the company’s stock valued at $4,546,000 after acquiring an additional 2,474 shares during the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Stock Performance

Shares of MODL opened at $50.12 on Friday. The stock has a fifty day moving average of $48.49 and a two-hundred day moving average of $47.62. The company has a market capitalization of $951.78 million, a PE ratio of 56.31 and a beta of 0.94. VictoryShares WestEnd US Sector ETF has a fifty-two week low of $41.18 and a fifty-two week high of $51.28.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were given a dividend of $0.0134 per share. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, May 8th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is 38.20%.

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.