VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Reaches New 1-Year High – Still a Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) shares hit a new 52-week high on Monday . The stock traded as high as $52.99 and last traded at $52.9290, with a volume of 5035 shares traded. The stock had previously closed at $52.84.

VictoryShares WestEnd US Sector ETF Stock Up 0.0%

The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 59.42 and a beta of 0.93. The firm has a fifty day moving average price of $50.98 and a 200-day moving average price of $48.74.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Institutional Trading of VictoryShares WestEnd US Sector ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp raised 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 last quarter. Rockefeller Capital Management L.P. grew its holdings in VictoryShares WestEnd US Sector ETF by 5.9% during the 4th 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 during the last quarter. Janney Montgomery Scott LLC increased its position in shares of VictoryShares WestEnd US Sector ETF by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock worth $57,599,000 after acquiring an additional 24,925 shares in the last quarter. Fairvoy Private Wealth LLC bought a new stake in VictoryShares WestEnd US Sector ETF in the first quarter valued at about $3,266,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of VictoryShares WestEnd US Sector ETF during the 4th quarter worth about $3,506,000. 29.49% of the stock is currently owned by 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.