VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Stock Pass Above 200-Day Moving Average – Should You Sell?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.14 and traded as high as $52.83. VictoryShares WestEnd US Sector ETF shares last traded at $52.78, with a volume of 26,995 shares changing hands.

VictoryShares WestEnd US Sector ETF Stock Performance

The company has a market capitalization of $1.07 billion, a PE ratio of 59.52 and a beta of 0.93. The firm’s 50-day simple moving average is $51.55 and its 200 day simple moving average is $49.18.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MODL. Truist Financial Corp boosted its position in VictoryShares WestEnd US Sector ETF by 5.7% during the fourth quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after purchasing an additional 60,079 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of VictoryShares WestEnd US Sector ETF by 5.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock valued at $25,658,000 after buying an additional 30,182 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of VictoryShares WestEnd US Sector ETF in the fourth quarter valued at $3,506,000. Bank of America Corp DE raised its stake 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 buying an additional 965,878 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake 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 worth $57,599,000 after buying an additional 24,925 shares during the last quarter. 29.49% of the stock is 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.