VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Hits New 52-Week High – Still a Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.71 and last traded at $51.5990, with a volume of 32985 shares trading hands. The stock had previously closed at $51.68.

VictoryShares WestEnd US Sector ETF Stock Performance

The firm has a market cap of $1.04 billion, a PE ratio of 57.91 and a beta of 0.93. The stock’s 50 day simple moving average is $50.47 and its 200 day simple moving average is $48.24.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a $0.0221 dividend. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is currently 39.33%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MODL. Truist Financial Corp raised its position 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 purchasing an additional 60,079 shares during the period. Rockefeller Capital Management L.P. raised its position 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 purchasing an additional 30,182 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter valued at approximately $3,506,000. 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. Finally, Kestra Private Wealth Services LLC lifted its holdings in VictoryShares WestEnd US Sector ETF by 226.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 15,165 shares of the company’s stock worth $721,000 after buying an additional 10,526 shares during the period. 29.49% of the stock is owned by hedge funds and other 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.