VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Stock Price Pass Above 200-Day Moving Average – Should You Sell?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.81 and traded as high as $51.17. VictoryShares WestEnd US Sector ETF shares last traded at $50.93, with a volume of 46,047 shares changing hands.

VictoryShares WestEnd US Sector ETF Price Performance

The company has a market capitalization of $967.16 million, a price-to-earnings ratio of 57.22 and a beta of 0.94. The stock has a fifty day simple moving average of $49.29 and a 200-day simple moving average of $47.81.

VictoryShares WestEnd US Sector ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were issued a $0.048 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This is a boost from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. This represents a c) dividend on an annualized basis and a yield of 1.1%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is presently 40.45%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MODL. Kestra Advisory Services LLC acquired a new position in VictoryShares WestEnd US Sector ETF in the fourth quarter valued at approximately $38,000. Allworth Financial LP purchased a new stake in shares of VictoryShares WestEnd US Sector ETF during the 3rd quarter worth about $78,000. Capital Analysts LLC purchased a new stake in shares of VictoryShares WestEnd US Sector ETF during the 4th quarter worth about $126,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of VictoryShares WestEnd US Sector ETF during the 3rd quarter worth about $184,000. Finally, Comerica Bank boosted its stake in shares of 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 in the last quarter. 29.49% of the stock is owned by institutional investors and hedge funds.

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.