VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Hits New 12-Month High – Still a Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.89 and last traded at $50.81, with a volume of 32181 shares changing hands. The stock had previously closed at $50.76.

VictoryShares WestEnd US Sector ETF Trading Up 0.1%

The stock’s 50-day moving average is $47.67 and its 200-day moving average is $47.43. The stock has a market cap of $999.43 million, a P/E ratio of 57.09 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MODL. Kestra Advisory Services LLC acquired a new stake in VictoryShares WestEnd US Sector ETF in the 4th quarter valued at about $38,000. Allworth Financial LP acquired a new stake in VictoryShares WestEnd US Sector ETF in the 3rd quarter valued at about $78,000. Capital Analysts LLC acquired a new stake in VictoryShares WestEnd US Sector ETF in the 4th quarter valued at about $126,000. Northwestern Mutual Wealth Management Co. acquired a new stake in VictoryShares WestEnd US Sector ETF in the 3rd quarter valued at about $184,000. Finally, Comerica Bank lifted its holdings in VictoryShares WestEnd US Sector ETF by 11.2% in the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock valued at $207,000 after acquiring an additional 452 shares during the last quarter. Institutional investors own 29.49% of the company’s stock.

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.