VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Hits New 52-Week High – Still a Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $51.71 and last traded at $51.5990, with a volume of 32985 shares trading hands. The stock had previously closed at $51.68.

VictoryShares WestEnd US Sector ETF Stock Performance

The stock has a market cap of $1.04 billion, a PE ratio of 57.91 and a beta of 0.93. The company’s 50-day moving average price is $50.47 and its 200 day moving average price is $48.24.

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. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is 39.33%.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of 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 worth $260,446,000 after purchasing an additional 395,473 shares in the last quarter. Janney Montgomery Scott LLC increased 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 worth $57,599,000 after purchasing an additional 24,925 shares during the last quarter. Truist Financial Corp increased its stake in VictoryShares WestEnd US Sector ETF by 5.7% in the 4th quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after acquiring an additional 60,079 shares during the last quarter. LPL Financial LLC increased its position 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 worth $51,994,000 after purchasing an additional 274,425 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of 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 valued at $45,858,000 after buying an additional 109,420 shares in the last quarter. 29.49% of the stock is owned by hedge funds and other institutional investors.

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.