VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Shares Break Above Two Hundred Day Moving Average – What’s Next?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $50.11 and traded as high as $52.78. VictoryShares WestEnd US Sector ETF shares last traded at $52.55, with a volume of 21,966 shares.

VictoryShares WestEnd US Sector ETF Stock Performance

The business’s fifty day moving average is $52.38 and its 200-day moving average is $50.16. The firm has a market cap of $1.06 billion, a P/E ratio of 59.09 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were given a $0.0475 dividend. This is an increase from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0137. The ex-dividend date was Wednesday, September 9th. This represents a $0.57 annualized dividend and a yield of 1.1%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is currently 41.57%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

A number of hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its holdings in VictoryShares WestEnd US Sector ETF by 5.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock worth $25,658,000 after buying an additional 30,182 shares during the period. Capital Analysts LLC raised its position in shares of VictoryShares WestEnd US Sector ETF by 52.4% during the second quarter. Capital Analysts LLC now owns 35,491 shares of the company’s stock worth $1,809,000 after acquiring an additional 12,199 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of VictoryShares WestEnd US Sector ETF in the fourth quarter worth approximately $3,506,000. Fairvoy Private Wealth LLC acquired a new position in shares of VictoryShares WestEnd US Sector ETF in the first quarter worth approximately $3,266,000. Finally, Janney Montgomery Scott LLC boosted its holdings in VictoryShares WestEnd US Sector ETF by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock valued at $57,599,000 after acquiring an additional 24,925 shares during the last quarter. Institutional investors and hedge funds 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.