VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 52-Week High – Here’s What Happened

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) shares hit a new 52-week high on Friday . The company traded as high as $53.42 and last traded at $53.36, with a volume of 9676 shares trading hands. The stock had previously closed at $53.21.

VictoryShares WestEnd US Sector ETF Price Performance

The company has a market cap of $1.07 billion, a price-to-earnings ratio of 59.69 and a beta of 0.93. The firm’s 50 day simple moving average is $51.65 and its 200-day simple moving average is $49.26.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Institutional Trading of VictoryShares WestEnd US Sector ETF

A number of large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in VictoryShares WestEnd US Sector ETF during the 4th quarter worth approximately $38,000. Capital Analysts LLC acquired a new position in VictoryShares WestEnd US Sector ETF during the fourth quarter worth approximately $126,000. Northwestern Mutual Wealth Management Co. acquired a new position in VictoryShares WestEnd US Sector ETF during the third quarter worth approximately $184,000. Comerica Bank lifted its stake in VictoryShares WestEnd US Sector ETF by 11.2% in the third quarter. Comerica Bank now owns 4,483 shares of the company’s stock valued at $207,000 after buying an additional 452 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in VictoryShares WestEnd US Sector ETF in the first quarter valued at approximately $208,000. 29.49% of the stock is owned by institutional investors and hedge funds.

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.