VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Share Price Break Above 200 Day Moving Average – Time to Sell?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $50.83 and traded as high as $53.22. VictoryShares WestEnd US Sector ETF shares last traded at $53.15, with a volume of 67,317 shares traded.

VictoryShares WestEnd US Sector ETF Trading Down 1.2%

The stock has a 50 day simple moving average of $52.77 and a 200-day simple moving average of $50.84. The firm has a market capitalization of $1.08 billion, a P/E ratio of 59.02 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were paid a $0.0223 dividend. This is a drop from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0475. The ex-dividend date was Thursday, October 8th. This represents a $0.27 annualized dividend and a dividend yield of 0.5%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is currently 39.33%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Several large investors have recently added to or reduced their stakes in MODL. Firethorn Wealth Partners LLC increased its holdings in VictoryShares WestEnd US Sector ETF by 1.5% during the third quarter. Firethorn Wealth Partners LLC now owns 41,181 shares of the company’s stock valued at $2,155,000 after buying an additional 598 shares during the last quarter. Arkadios Wealth Advisors raised its position in VictoryShares WestEnd US Sector ETF by 5.3% in the first quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock worth $1,010,000 after acquiring an additional 1,142 shares during the period. Private Advisor Group LLC boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 10.0% during the 1st quarter. Private Advisor Group LLC now owns 23,890 shares of the company’s stock worth $1,068,000 after acquiring an additional 2,176 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of VictoryShares WestEnd US Sector ETF during the 1st quarter worth $208,000. Finally, D.A. Davidson & CO. boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 5.6% during the 1st quarter. D.A. Davidson & CO. now owns 108,045 shares of the company’s stock worth $4,829,000 after acquiring an additional 5,716 shares during the last quarter. 29.49% of the stock is currently owned by institutional investors.

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.