VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 1-Year High – Should You Buy?

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

VictoryShares WestEnd US Sector ETF Stock Up 0.6%

The stock has a market cap of $933.36 million, a PE ratio of 55.22 and a beta of 0.94. The company has a fifty day moving average price of $46.57 and a 200 day moving average price of $47.07.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Truist Financial Corp increased its holdings in 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 valued at $53,181,000 after purchasing an additional 60,079 shares during the period. Kestra Private Wealth Services LLC increased its holdings in 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 valued at $721,000 after purchasing an additional 10,526 shares during the period. Tradition Wealth Management LLC increased its holdings in VictoryShares WestEnd US Sector ETF by 11.7% during the 4th quarter. Tradition Wealth Management LLC now owns 80,136 shares of the company’s stock valued at $3,808,000 after purchasing an additional 8,394 shares during the period. Concurrent Investment Advisors LLC increased its holdings in VictoryShares WestEnd US Sector ETF by 55.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 8,239 shares of the company’s stock valued at $392,000 after purchasing an additional 2,937 shares during the period. Finally, Huntleigh Advisors Inc. increased its holdings in VictoryShares WestEnd US Sector ETF by 2.7% during the 4th quarter. Huntleigh Advisors Inc. now owns 95,662 shares of the company’s stock valued at $4,546,000 after purchasing an additional 2,474 shares during the period. Hedge funds and other 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.