VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Shares Pass Above 200 Day Moving Average – Should You Sell?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $47.60 and traded as high as $51.23. VictoryShares WestEnd US Sector ETF shares last traded at $51.19, with a volume of 134,080 shares.

VictoryShares WestEnd US Sector ETF Trading Up 0.9%

The business has a fifty day moving average of $48.39 and a 200-day moving average of $47.60. The company has a market cap of $972.10 million, a PE ratio of 57.52 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its holdings 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 valued at $260,446,000 after acquiring an additional 395,473 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in VictoryShares WestEnd US Sector ETF by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock worth $57,599,000 after purchasing an additional 24,925 shares in the last quarter. Truist Financial Corp lifted its position in shares of 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 purchasing an additional 60,079 shares during the period. LPL Financial LLC lifted its position in shares of VictoryShares WestEnd US Sector ETF by 33.5% in the 4th quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock worth $51,994,000 after purchasing an additional 274,425 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 12.4% during the 3rd 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 in 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.