VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Reaches New 1-Year High – What’s Next?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price hit a new 52-week high during mid-day 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 Price Performance

The business’s 50-day moving average price is $50.11 and its 200 day moving average price is $48.06. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 57.65 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Increases Dividend

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

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MODL. Kestra Advisory Services LLC acquired a new stake in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter valued at about $38,000. Allworth Financial LP acquired a new position in shares of VictoryShares WestEnd US Sector ETF in the third quarter worth about $78,000. Capital Analysts LLC purchased a new position in VictoryShares WestEnd US Sector ETF in the fourth quarter valued at about $126,000. Northwestern Mutual Wealth Management Co. purchased a new position in VictoryShares WestEnd US Sector ETF in the third quarter valued at about $184,000. Finally, Comerica Bank grew its stake in VictoryShares WestEnd US Sector ETF by 11.2% during the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock valued at $207,000 after purchasing an additional 452 shares in the last quarter. 29.49% of the stock is owned by hedge funds and other institutional investors.

About VictoryShares WestEnd US Sector ETF

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.