VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Hits New 1-Year High – Here’s What Happened

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $49.36 and last traded at $48.9710, with a volume of 68804 shares traded. The stock had previously closed at $49.10.

VictoryShares WestEnd US Sector ETF Price Performance

The business has a fifty day moving average of $46.54 and a 200 day moving average of $47.05. The stock has a market cap of $928.04 million, a price-to-earnings ratio of 54.90 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 9th were issued a $0.0371 dividend. The ex-dividend date was Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 0.9%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is currently 38.20%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MODL. Victory Capital Management Inc. grew its holdings in VictoryShares WestEnd US Sector ETF by 7.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock valued at $260,446,000 after purchasing an additional 395,473 shares during the last quarter. LPL Financial LLC grew its holdings in 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 purchasing an additional 274,425 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in VictoryShares WestEnd US Sector ETF by 14.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,263,932 shares of the company’s stock valued at $60,062,000 after purchasing an additional 156,576 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in VictoryShares WestEnd US Sector ETF by 176.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 235,138 shares of the company’s stock valued at $10,919,000 after purchasing an additional 149,935 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in VictoryShares WestEnd US Sector ETF by 12.4% during the third quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock valued at $45,858,000 after purchasing an additional 109,420 shares during the last quarter. Institutional investors and hedge funds 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.