VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Share Price Pass Above Two Hundred Day Moving Average – What’s Next?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $48.60 and traded as high as $51.75. VictoryShares WestEnd US Sector ETF shares last traded at $51.69, with a volume of 24,719 shares.

VictoryShares WestEnd US Sector ETF Stock Down 0.1%

The company has a 50 day simple moving average of $50.88 and a 200-day simple moving average of $48.64. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 59.08 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings 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 worth $201,000 after purchasing an additional 244 shares during the period. Comerica Bank boosted its position in shares of VictoryShares WestEnd US Sector ETF by 11.2% during the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after purchasing an additional 452 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of VictoryShares WestEnd US Sector ETF by 1.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 46,252 shares of the company’s stock worth $2,198,000 after purchasing an additional 536 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of VictoryShares WestEnd US Sector ETF by 3.2% in the 4th quarter. Arkadios Wealth Advisors now owns 21,469 shares of the company’s stock valued at $1,020,000 after buying an additional 666 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of VictoryShares WestEnd US Sector ETF by 2.5% in the 4th quarter. Sanctuary Advisors LLC now owns 27,793 shares of the company’s stock valued at $1,321,000 after buying an additional 671 shares during the period. Institutional investors and hedge funds own 29.49% of the company’s stock.

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.