VictoryShares WestEnd US Sector ETF $MODL Stake Increased by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC grew its holdings in VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) by 28.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 129,589 shares of the company’s stock after buying an additional 28,900 shares during the quarter. VictoryShares WestEnd US Sector ETF comprises approximately 1.4% of Fairvoy Private Wealth LLC’s portfolio, making the stock its 21st largest holding. Fairvoy Private Wealth LLC’s holdings in VictoryShares WestEnd US Sector ETF were worth $6,783,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MODL. Janney Montgomery Scott LLC raised its holdings in shares of VictoryShares WestEnd US Sector ETF by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock valued at $57,599,000 after buying an additional 24,925 shares during the last quarter. Bank of America Corp DE lifted its position in VictoryShares WestEnd US Sector ETF by 48,293.9% during the 1st quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock worth $43,254,000 after buying an additional 965,878 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in VictoryShares WestEnd US Sector ETF by 5.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock worth $25,658,000 after buying an additional 30,182 shares in the last quarter. Royal Bank of Canada lifted its position in VictoryShares WestEnd US Sector ETF by 29.5% during the 1st quarter. Royal Bank of Canada now owns 472,306 shares of the company’s stock worth $21,107,000 after buying an additional 107,520 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in VictoryShares WestEnd US Sector ETF by 97.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 383,308 shares of the company’s stock worth $19,537,000 after buying an additional 189,095 shares in the last quarter. 29.49% of the stock is currently owned by institutional investors and hedge funds.

VictoryShares WestEnd US Sector ETF Stock Up 0.1%

NASDAQ:MODL traded up $0.06 during mid-day trading on Monday, reaching $52.59. 29,877 shares of the company were exchanged, compared to its average volume of 73,167. VictoryShares WestEnd US Sector ETF has a 12 month low of $43.38 and a 12 month high of $53.45. The company has a fifty day moving average of $52.77 and a 200 day moving average of $50.89. The stock has a market cap of $1.08 billion, a PE ratio of 59.09 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were given a dividend of $0.0223 per share. The ex-dividend date was Thursday, October 8th. This is a negative change from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0475. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.5%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is currently 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.