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

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price crossed 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 Price Performance

The stock has a 50-day moving average price of $48.49 and a 200 day moving average price of $47.62. The firm has a market cap of $951.78 million, a PE ratio of 56.31 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VictoryShares WestEnd US Sector ETF by 6.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,227 shares of the company’s stock valued at $201,000 after purchasing an additional 244 shares in the last quarter. Comerica Bank increased its position in shares of VictoryShares WestEnd US Sector ETF by 11.2% in the third quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after acquiring an additional 452 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of VictoryShares WestEnd US Sector ETF by 1.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 46,252 shares of the company’s stock worth $2,198,000 after acquiring an additional 536 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of VictoryShares WestEnd US Sector ETF by 3.2% in the fourth quarter. Arkadios Wealth Advisors now owns 21,469 shares of the company’s stock worth $1,020,000 after acquiring an additional 666 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of VictoryShares WestEnd US Sector ETF by 2.5% in the fourth quarter. Sanctuary Advisors LLC now owns 27,793 shares of the company’s stock worth $1,321,000 after acquiring an additional 671 shares in 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.