VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 52-Week High – Time to Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.67 and last traded at $50.5410, with a volume of 1610 shares traded. The stock had previously closed at $50.34.

VictoryShares WestEnd US Sector ETF Trading Up 0.5%

The stock has a market capitalization of $960.76 million, a PE ratio of 56.88 and a beta of 0.94. The company’s 50 day simple moving average is $47.30 and its 200 day simple moving average is $47.32.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were paid a $0.0134 dividend. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, May 8th. VictoryShares WestEnd US Sector ETF’s payout ratio is presently 38.20%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Truist Financial Corp grew its stake in VictoryShares WestEnd US Sector ETF by 5.7% in 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 during the period. Kestra Private Wealth Services LLC grew its stake in shares of VictoryShares WestEnd US Sector ETF by 226.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,165 shares of the company’s stock valued at $721,000 after buying an additional 10,526 shares during the period. Huntleigh Advisors Inc. grew its stake in shares of VictoryShares WestEnd US Sector ETF by 2.7% during the 4th quarter. Huntleigh Advisors Inc. now owns 95,662 shares of the company’s stock valued at $4,546,000 after buying an additional 2,474 shares during the period. MBL Wealth LLC grew its stake in shares of VictoryShares WestEnd US Sector ETF by 4.6% during the 4th quarter. MBL Wealth LLC now owns 234,717 shares of the company’s stock valued at $11,154,000 after buying an additional 10,274 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of VictoryShares WestEnd US Sector ETF by 67.8% during the 4th quarter. DAVENPORT & Co LLC now owns 24,250 shares of the company’s stock valued at $1,152,000 after buying an additional 9,796 shares during the period. 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.