VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 1-Year High – Here’s Why

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.68 and last traded at $51.60, with a volume of 42300 shares traded. The stock had previously closed at $51.31.

VictoryShares WestEnd US Sector ETF Trading Up 0.6%

The company’s 50 day simple moving average is $50.24 and its 200 day simple moving average is $48.12. The stock has a market capitalization of $1.04 billion, a PE ratio of 57.98 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were issued a dividend of $0.048 per share. This represents a c) annualized dividend and a dividend yield of 1.1%. This is a positive change from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. The ex-dividend date was Tuesday, June 9th. VictoryShares WestEnd US Sector ETF’s payout ratio is 40.45%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in VictoryShares WestEnd US Sector ETF by 48,293.9% during the first quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock worth $43,254,000 after buying an additional 965,878 shares during the period. Victory Capital Management Inc. grew its holdings in VictoryShares WestEnd US Sector ETF by 7.8% in the 4th quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock valued at $260,446,000 after buying an additional 395,473 shares during the period. LPL Financial LLC grew its holdings in VictoryShares WestEnd US Sector ETF by 33.5% in the 4th quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after buying an additional 274,425 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of VictoryShares WestEnd US Sector ETF by 14.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,263,932 shares of the company’s stock valued at $60,062,000 after acquiring an additional 156,576 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of VictoryShares WestEnd US Sector ETF by 12.4% during the 3rd quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock valued at $45,858,000 after acquiring an additional 109,420 shares during the last quarter. 29.49% of the stock is currently owned by institutional investors and hedge funds.

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.