VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 12-Month High – Time to Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $49.98 and last traded at $50.0050, with a volume of 11329 shares changing hands. The stock had previously closed at $49.88.

VictoryShares WestEnd US Sector ETF Trading Up 0.7%

The business has a 50-day moving average price of $46.83 and a 200-day moving average price of $47.19. The firm has a market cap of $953.77 million, a P/E ratio of 56.43 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were given a dividend of $0.0134 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is presently 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 company. Truist Financial Corp grew its position in shares of VictoryShares WestEnd US Sector ETF by 5.7% during the 4th quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after buying an additional 60,079 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of VictoryShares WestEnd US Sector ETF by 226.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,165 shares of the company’s stock worth $721,000 after purchasing an additional 10,526 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of VictoryShares WestEnd US Sector ETF by 2.5% during the 4th quarter. Sanctuary Advisors LLC now owns 27,793 shares of the company’s stock worth $1,321,000 after purchasing an additional 671 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of VictoryShares WestEnd US Sector ETF by 4.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 314,032 shares of the company’s stock worth $14,513,000 after purchasing an additional 13,465 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of VictoryShares WestEnd US Sector ETF by 10.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,302 shares of the company’s stock worth $245,000 after purchasing an additional 502 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.