VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Hits New 52-Week High – Here’s Why

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $52.99 and last traded at $52.9290, with a volume of 5035 shares changing hands. The stock had previously closed at $52.84.

VictoryShares WestEnd US Sector ETF Price Performance

The business has a 50-day simple moving average of $50.98 and a two-hundred day simple moving average of $48.74. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 59.42 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 10th. Shareholders of record on Friday, August 7th will be given a $0.0137 dividend. The ex-dividend date of this dividend is 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 currently 39.33%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Truist Financial Corp boosted its stake in VictoryShares WestEnd US Sector ETF by 5.7% during the fourth quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after buying an additional 60,079 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of VictoryShares WestEnd US Sector ETF by 5.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock valued at $25,658,000 after acquiring an additional 30,182 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of VictoryShares WestEnd US Sector ETF by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock valued at $57,599,000 after buying an additional 24,925 shares during the period. Fairvoy Private Wealth LLC bought a new position in shares of VictoryShares WestEnd US Sector ETF during the 1st quarter valued at about $3,266,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in VictoryShares WestEnd US Sector ETF during the fourth quarter valued at approximately $3,506,000. 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.