VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Reaches New 52-Week High – Should You Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $51.28 and last traded at $51.28, with a volume of 53535 shares changing hands. The stock had previously closed at $50.97.

VictoryShares WestEnd US Sector ETF Stock Up 0.4%

The business’s 50-day moving average price is $49.99 and its 200 day moving average price is $48.01. The company has a market capitalization of $971.43 million, a P/E ratio of 57.50 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were issued a $0.048 dividend. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. VictoryShares WestEnd US Sector ETF’s payout ratio is 40.45%.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in VictoryShares WestEnd US Sector ETF by 48,293.9% during the first quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock valued at $43,254,000 after buying an additional 965,878 shares during the period. Victory Capital Management Inc. increased its stake in VictoryShares WestEnd US Sector ETF by 7.8% in the 4th quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock worth $260,446,000 after acquiring an additional 395,473 shares during the last quarter. LPL Financial LLC raised its holdings in shares of VictoryShares WestEnd US Sector ETF by 33.5% in the 4th quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after acquiring an additional 274,425 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of VictoryShares WestEnd US Sector ETF by 14.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,263,932 shares of the company’s stock valued at $60,062,000 after acquiring an additional 156,576 shares in the last quarter. Finally, Raymond James Financial Inc. boosted 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 acquiring an additional 109,420 shares during 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.