VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Shares Pass Above 200-Day Moving Average – Here’s Why

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $49.48 and traded as high as $53.21. VictoryShares WestEnd US Sector ETF shares last traded at $53.06, with a volume of 50,686 shares traded.

VictoryShares WestEnd US Sector ETF Stock Down 0.5%

The firm has a market capitalization of $1.07 billion, a P/E ratio of 59.62 and a beta of 0.93. The business’s 50-day simple moving average is $51.97 and its 200 day simple moving average is $49.48.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were paid a $0.0137 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 39.33%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in VictoryShares WestEnd US Sector ETF by 7.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock worth $260,446,000 after purchasing an additional 395,473 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of VictoryShares WestEnd US Sector ETF by 2.0% during the first 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 during the last quarter. LPL Financial LLC grew its stake in shares of VictoryShares WestEnd US Sector ETF by 33.5% during the fourth quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after buying an additional 274,425 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 12.4% in the third quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock worth $45,858,000 after buying an additional 109,420 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 48,293.9% in the first 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 period. 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.