VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Hits New 1-Year High – What’s Next?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) hit a new 52-week high on Monday . The company traded as high as $52.99 and last traded at $52.9290, with a volume of 5035 shares traded. The stock had previously closed at $52.84.

VictoryShares WestEnd US Sector ETF Trading Down 0.2%

The firm’s fifty day moving average price is $51.05 and its 200-day moving average price is $48.82. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 59.29 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were issued a dividend of $0.0137 per share. The ex-dividend date was Friday, August 7th. This represents a c) annualized dividend and a yield of 0.3%. VictoryShares WestEnd US Sector ETF’s payout ratio is currently 39.33%.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Several large investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter worth about $38,000. Capital Analysts LLC acquired a new position in shares of VictoryShares WestEnd US Sector ETF in the 4th quarter valued at approximately $126,000. Northwestern Mutual Wealth Management Co. bought a new stake in VictoryShares WestEnd US Sector ETF during the 3rd quarter worth approximately $184,000. Comerica Bank increased its stake in VictoryShares WestEnd US Sector ETF by 11.2% during the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after purchasing an additional 452 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in VictoryShares WestEnd US Sector ETF during the 1st quarter worth approximately $208,000. 29.49% of the stock is currently owned by 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.