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

Shares of VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) hit a new 52-week high during trading on Tuesday. The company traded as high as $53.45 and last traded at $53.44, with a volume of 12363 shares trading hands. The stock had previously closed at $53.00.

VictoryShares WestEnd US Sector ETF Price Performance

The company has a fifty day moving average price of $52.52 and a 200 day moving average price of $50.35. The company has a market capitalization of $1.08 billion, a P/E ratio of 59.90 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MODL. Fifth Third Bancorp acquired a new position in shares of VictoryShares WestEnd US Sector ETF during the first quarter worth approximately $208,000. Pine Valley Investments Ltd Liability Co grew its stake in shares of VictoryShares WestEnd US Sector ETF by 110.9% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 13,449 shares of the company’s stock worth $601,000 after purchasing an additional 7,073 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 86.4% during the second quarter. Concurrent Investment Advisors LLC now owns 13,788 shares of the company’s stock valued at $703,000 after purchasing an additional 6,391 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.3% during the first quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock valued at $1,010,000 after purchasing an additional 1,142 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of VictoryShares WestEnd US Sector ETF by 10.0% during the first quarter. Private Advisor Group LLC now owns 23,890 shares of the company’s stock valued at $1,068,000 after purchasing an additional 2,176 shares in the last quarter. 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.