VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Reaches New 1-Year High – Here’s Why

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) shares hit a new 52-week high on Wednesday . The company traded as high as $51.28 and last traded at $51.28, with a volume of 53535 shares trading hands. The stock had previously closed at $50.97.

VictoryShares WestEnd US Sector ETF Stock Performance

The stock’s 50 day simple moving average is $49.99 and its 200 day simple moving average is $48.01. The firm has a market cap of $971.43 million, a PE ratio of 57.50 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were paid a $0.048 dividend. This is a boost from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 9th. VictoryShares WestEnd US Sector ETF’s payout ratio is currently 40.45%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of VictoryShares WestEnd US Sector ETF by 7.8% in the 4th quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock worth $260,446,000 after acquiring an additional 395,473 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of 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 during the period. Truist Financial Corp boosted its stake 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 valued at $53,181,000 after purchasing an additional 60,079 shares in the last quarter. LPL Financial LLC boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 33.5% during the 4th quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after purchasing an additional 274,425 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of VictoryShares WestEnd US Sector ETF by 12.4% during the third quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock valued at $45,858,000 after buying an additional 109,420 shares during the period. Institutional investors own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Company Profile

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.