VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Share Price Pass Above Two Hundred Day Moving Average – Should You Sell?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $48.46 and traded as high as $50.78. VictoryShares WestEnd US Sector ETF shares last traded at $50.65, with a volume of 26,600 shares trading hands.

VictoryShares WestEnd US Sector ETF Stock Down 1.0%

The company has a market cap of $1.02 billion, a price-to-earnings ratio of 56.91 and a beta of 0.93. The firm has a 50 day moving average price of $50.73 and a two-hundred day moving average price of $48.46.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were issued a $0.0221 dividend. The ex-dividend date was Thursday, July 9th. This represents a c) annualized dividend and a yield of 0.5%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is presently 39.33%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of 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. raised its stake in VictoryShares WestEnd US Sector ETF by 7.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock worth $260,446,000 after buying an additional 395,473 shares during the last quarter. LPL Financial LLC lifted its holdings in VictoryShares WestEnd US Sector ETF by 33.5% in the fourth 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 boosted its position in VictoryShares WestEnd US Sector ETF by 14.1% during the fourth 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. boosted its position in VictoryShares WestEnd US Sector ETF by 12.4% during the third 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. Institutional investors and hedge funds 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.