VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sees Strong Trading Volume – Still a Buy?

Shares of VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw an uptick in trading volume on Monday . 543,105 shares were traded during mid-day trading, an increase of 427% from the previous session’s volume of 103,071 shares.The stock last traded at $46.5750 and had previously closed at $46.45.

VictoryShares WestEnd US Sector ETF Trading Up 0.5%

The company has a 50 day moving average of $46.29 and a 200-day moving average of $46.85. The firm has a market capitalization of $839.09 million, a P/E ratio of 52.43 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 9th were paid a $0.0371 dividend. The ex-dividend date was Thursday, April 9th. This represents a c) annualized dividend and a yield of 1.0%. VictoryShares WestEnd US Sector ETF’s payout ratio is 38.20%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its holdings in 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 valued at $260,446,000 after acquiring an additional 395,473 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in VictoryShares WestEnd US Sector ETF by 14.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,263,932 shares of the company’s stock valued at $60,062,000 after acquiring an additional 156,576 shares in the last quarter. Truist Financial Corp raised its holdings in VictoryShares WestEnd US Sector ETF by 5.7% in the 4th quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock valued at $53,181,000 after acquiring an additional 60,079 shares in the last quarter. LPL Financial LLC raised its holdings in VictoryShares WestEnd US Sector ETF by 33.5% in the 4th quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after acquiring an additional 274,425 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in VictoryShares WestEnd US Sector ETF by 12.4% in the 3rd quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock valued at $45,858,000 after acquiring an additional 109,420 shares in the last quarter. 29.49% of the stock is owned by institutional investors and hedge funds.

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.