VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 52-Week High – Here’s What Happened

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $53.42 and last traded at $53.36, with a volume of 9676 shares trading hands. The stock had previously closed at $53.21.

VictoryShares WestEnd US Sector ETF Stock Performance

The company has a 50 day moving average of $51.65 and a 200 day moving average of $49.26. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 59.69 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were paid a dividend of $0.0137 per share. The ex-dividend date was Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. VictoryShares WestEnd US Sector ETF’s payout ratio is presently 39.33%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Several large investors have recently bought and sold shares of the business. Truist Financial Corp boosted its position 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 worth $53,181,000 after acquiring an additional 60,079 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock valued at $25,658,000 after acquiring an additional 30,182 shares during the last quarter. Bank of America Corp DE raised its position in shares of VictoryShares WestEnd US Sector ETF by 48,293.9% during the 1st quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock worth $43,254,000 after acquiring an additional 965,878 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in VictoryShares WestEnd US Sector ETF during the fourth quarter worth approximately $3,506,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of VictoryShares WestEnd US Sector ETF by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock valued at $57,599,000 after buying an additional 24,925 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.