VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 12-Month High – Here’s What Happened

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $51.68 and last traded at $51.60, with a volume of 42300 shares. The stock had previously closed at $51.31.

VictoryShares WestEnd US Sector ETF Stock Performance

The company has a market capitalization of $1.03 billion, a P/E ratio of 57.46 and a beta of 0.93. The stock’s fifty day moving average price is $50.34 and its 200-day moving average price is $48.18.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.0221 per share. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s payout ratio is 40.45%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

A number of hedge funds have recently made changes to their positions in MODL. Kestra Advisory Services LLC bought a new position in shares of VictoryShares WestEnd US Sector ETF during the 4th quarter worth approximately $38,000. Allworth Financial LP bought a new stake in VictoryShares WestEnd US Sector ETF in the 3rd quarter valued at $78,000. Capital Analysts LLC acquired a new stake in VictoryShares WestEnd US Sector ETF during the 4th quarter valued at $126,000. Northwestern Mutual Wealth Management Co. bought a new position in VictoryShares WestEnd US Sector ETF during the third quarter worth $184,000. Finally, Comerica Bank boosted its position in VictoryShares WestEnd US Sector ETF by 11.2% during the third quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after purchasing an additional 452 shares during the period. 29.49% of the stock is owned by institutional investors and hedge funds.

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.