VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Hits New 52-Week High – Still a Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) shares hit a new 52-week high on Tuesday . The stock traded as high as $52.03 and last traded at $52.1430, with a volume of 5875 shares. The stock had previously closed at $51.06.

VictoryShares WestEnd US Sector ETF Stock Up 1.1%

The stock’s fifty day moving average price is $50.84 and its 200-day moving average price is $48.60. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 58.71 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a $0.0221 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is 39.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Truist Financial Corp raised its position in VictoryShares WestEnd US Sector ETF by 5.7% in the fourth quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock valued at $53,181,000 after purchasing an additional 60,079 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings 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 worth $25,658,000 after purchasing an additional 30,182 shares during the last quarter. Fairvoy Private Wealth LLC bought a new stake in shares of VictoryShares WestEnd US Sector ETF during the first quarter worth about $3,266,000. Janney Montgomery Scott LLC increased its stake in shares of VictoryShares WestEnd US Sector ETF by 2.0% in 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. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of VictoryShares WestEnd US Sector ETF in the fourth quarter valued at approximately $3,506,000. 29.49% of the stock is currently owned by institutional investors.

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.