VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 12-Month High – Time to Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.98 and last traded at $50.0050, with a volume of 11329 shares. The stock had previously closed at $49.88.

VictoryShares WestEnd US Sector ETF Price Performance

The stock has a market capitalization of $953.77 million, a price-to-earnings ratio of 56.43 and a beta of 0.94. The firm has a fifty day moving average of $46.83 and a 200 day moving average of $47.19.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were issued a dividend of $0.0134 per share. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, May 8th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is 38.20%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Several hedge funds and other institutional investors have recently bought and sold shares 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 valued at $201,000 after purchasing an additional 244 shares during the period. Coastal Bridge Advisors LLC grew its holdings in VictoryShares WestEnd US Sector ETF by 0.9% in the third quarter. Coastal Bridge Advisors LLC now owns 32,900 shares of the company’s stock valued at $1,520,000 after purchasing an additional 297 shares during the period. Comerica Bank grew its holdings in VictoryShares WestEnd US Sector ETF by 11.2% in the third quarter. Comerica Bank now owns 4,483 shares of the company’s stock valued at $207,000 after purchasing an additional 452 shares during the period. Concurrent Investment Advisors LLC grew its holdings in VictoryShares WestEnd US Sector ETF by 10.5% in the third quarter. Concurrent Investment Advisors LLC now owns 5,302 shares of the company’s stock valued at $245,000 after purchasing an additional 502 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in VictoryShares WestEnd US Sector ETF by 1.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 46,252 shares of the company’s stock valued at $2,198,000 after purchasing an additional 536 shares during the period. 29.49% of the stock is 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.