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

Shares of VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) reached a new 52-week high on Tuesday . The stock traded as high as $52.03 and last traded at $52.1430, with a volume of 5875 shares traded. The stock had previously closed at $51.06.

VictoryShares WestEnd US Sector ETF Price Performance

The firm has a market capitalization of $1.06 billion, a PE ratio of 59.08 and a beta of 0.93. The business’s 50 day moving average is $50.92 and its two-hundred day moving average is $48.67.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a dividend of $0.0221 per share. The ex-dividend date was Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 0.5%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is 39.33%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MODL. Victory Capital Management Inc. raised its position in VictoryShares WestEnd US Sector ETF by 7.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock valued at $260,446,000 after purchasing an additional 395,473 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of VictoryShares WestEnd US Sector ETF by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock valued at $57,599,000 after purchasing an additional 24,925 shares during the last quarter. Truist Financial Corp raised its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.7% during the 4th quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock valued at $53,181,000 after buying an additional 60,079 shares in the last quarter. LPL Financial LLC raised its holdings in shares of VictoryShares WestEnd US Sector ETF by 33.5% during the 4th quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after buying an additional 274,425 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in VictoryShares WestEnd US Sector ETF by 12.4% in the 3rd quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock worth $45,858,000 after buying an additional 109,420 shares during the last quarter. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

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.