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

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) shares hit a new 52-week high on Monday . The company traded as high as $49.36 and last traded at $48.9710, with a volume of 68804 shares changing hands. The stock had previously closed at $49.10.

VictoryShares WestEnd US Sector ETF Trading Down 0.5%

The company has a market cap of $928.04 million, a price-to-earnings ratio of 54.90 and a beta of 0.94. The business has a fifty day moving average price of $46.54 and a two-hundred day moving average price of $47.05.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 9th were issued a $0.0371 dividend. The ex-dividend date was Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 0.9%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is currently 38.20%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in VictoryShares WestEnd US Sector ETF in the fourth quarter worth approximately $38,000. GoalVest Advisory LLC increased its holdings in VictoryShares WestEnd US Sector ETF by 666.7% in the third quarter. GoalVest Advisory LLC now owns 1,196 shares of the company’s stock worth $55,000 after buying an additional 1,040 shares during the last quarter. Allworth Financial LP acquired a new position in VictoryShares WestEnd US Sector ETF in the third quarter worth approximately $78,000. Capital Analysts LLC acquired a new position in VictoryShares WestEnd US Sector ETF in the fourth quarter worth approximately $126,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in VictoryShares WestEnd US Sector ETF in the third quarter worth approximately $184,000. 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.