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 Wednesday . The company traded as high as $49.98 and last traded at $50.0050, with a volume of 11329 shares traded. The stock had previously closed at $49.88.

VictoryShares WestEnd US Sector ETF Price Performance

The firm has a market cap of $950.66 million, a P/E ratio of 56.22 and a beta of 0.94. The stock’s 50 day moving average is $46.96 and its two-hundred day moving average is $47.24.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Several hedge funds and other institutional investors have recently modified their holdings of MODL. Kestra Advisory Services LLC bought a new stake in VictoryShares WestEnd US Sector ETF in the fourth quarter valued at $38,000. Allworth Financial LP acquired a new stake in shares of VictoryShares WestEnd US Sector ETF in the 3rd quarter valued at $78,000. Capital Analysts LLC bought a new stake in shares of VictoryShares WestEnd US Sector ETF in the 4th quarter worth about $126,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of VictoryShares WestEnd US Sector ETF in the 3rd quarter worth about $184,000. Finally, Comerica Bank increased 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. Institutional investors own 29.49% of the company’s stock.

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.