VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Reaches New 1-Year High – Time to Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $52.03 and last traded at $52.1430, with a volume of 5875 shares traded. The stock had previously closed at $51.06.

VictoryShares WestEnd US Sector ETF Stock Up 1.1%

The company has a market capitalization of $1.06 billion, a P/E ratio of 58.71 and a beta of 0.93. The stock has a fifty day simple moving average of $50.84 and a 200-day simple moving average of $48.60.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were paid a $0.0221 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 0.5%. VictoryShares WestEnd US Sector ETF’s payout ratio is currently 39.33%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of VictoryShares WestEnd US Sector ETF by 48,293.9% during the first 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 during the last quarter. Victory Capital Management Inc. boosted its stake in VictoryShares WestEnd US Sector ETF by 7.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock valued at $260,446,000 after acquiring an additional 395,473 shares during the last quarter. LPL Financial LLC boosted its stake in VictoryShares WestEnd US Sector ETF by 33.5% in the fourth quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after acquiring an additional 274,425 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in VictoryShares WestEnd US Sector ETF by 14.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,263,932 shares of the company’s stock valued at $60,062,000 after acquiring an additional 156,576 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in VictoryShares WestEnd US Sector ETF by 12.4% during the 3rd quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock worth $45,858,000 after acquiring an additional 109,420 shares during the period. 29.49% of the stock is currently owned by institutional investors and hedge funds.

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.