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

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) shares reached a new 52-week high during trading on Friday . The company traded as high as $48.39 and last traded at $48.5090, with a volume of 288 shares traded. The stock had previously closed at $47.95.

VictoryShares WestEnd US Sector ETF Trading Up 1.4%

The business’s fifty day simple moving average is $46.29 and its 200 day simple moving average is $46.88. The stock has a market cap of $887.62 million, a price-to-earnings ratio of 54.53 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. Stockholders of record on Thursday, April 9th were given a dividend of $0.0371 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, April 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is currently 38.20%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter worth $38,000. GoalVest Advisory LLC boosted its position in shares of VictoryShares WestEnd US Sector ETF by 666.7% during the third quarter. GoalVest Advisory LLC now owns 1,196 shares of the company’s stock worth $55,000 after purchasing an additional 1,040 shares in the last quarter. Allworth Financial LP bought a new position in shares of VictoryShares WestEnd US Sector ETF during the third quarter worth $78,000. Capital Analysts LLC bought a new position in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter worth $126,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of VictoryShares WestEnd US Sector ETF during the third quarter worth $184,000. 29.49% of the stock is 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.