VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Stock Cross Above 200-Day Moving Average – Here’s What Happened

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $47.81 and traded as high as $51.17. VictoryShares WestEnd US Sector ETF shares last traded at $50.93, with a volume of 46,047 shares traded.

VictoryShares WestEnd US Sector ETF Price Performance

The stock has a market capitalization of $961.84 million, a P/E ratio of 56.91 and a beta of 0.94. The firm’s 50 day moving average price is $49.50 and its 200 day moving average price is $47.85.

VictoryShares WestEnd US Sector ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were issued a dividend of $0.048 per share. The ex-dividend date was Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 1.1%. This is a boost from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is presently 40.45%.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter valued at approximately $38,000. Allworth Financial LP bought a new stake in VictoryShares WestEnd US Sector ETF in the third quarter valued at $78,000. Capital Analysts LLC bought a new stake in VictoryShares WestEnd US Sector ETF in the fourth quarter valued at $126,000. Northwestern Mutual Wealth Management Co. purchased a new position in VictoryShares WestEnd US Sector ETF during the 3rd quarter valued at $184,000. Finally, Comerica Bank raised its holdings in VictoryShares WestEnd US Sector ETF by 11.2% in 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. Hedge funds and other institutional investors 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.