VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Hits New 1-Year High – Time to Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $50.89 and last traded at $50.81, with a volume of 32181 shares trading hands. The stock had previously closed at $50.76.

VictoryShares WestEnd US Sector ETF Stock Performance

The company has a 50 day moving average of $47.89 and a 200-day moving average of $47.49. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 57.48 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were paid a dividend of $0.0134 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a yield of 0.3%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is presently 38.20%.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Several large investors have recently bought and sold shares of MODL. Kestra Advisory Services LLC purchased a new position in shares of VictoryShares WestEnd US Sector ETF in the 4th quarter valued at about $38,000. Allworth Financial LP purchased a new position in VictoryShares WestEnd US Sector ETF during the 3rd quarter worth approximately $78,000. Capital Analysts LLC acquired a new stake in VictoryShares WestEnd US Sector ETF during the 4th quarter worth approximately $126,000. Northwestern Mutual Wealth Management Co. acquired a new stake in VictoryShares WestEnd US Sector ETF during the 3rd quarter worth approximately $184,000. Finally, Comerica Bank lifted its position in VictoryShares WestEnd US Sector ETF by 11.2% during the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors 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.