VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Stock Price Cross Above 200-Day Moving Average – What’s Next?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $47.60 and traded as high as $51.23. VictoryShares WestEnd US Sector ETF shares last traded at $51.19, with a volume of 134,080 shares trading hands.

VictoryShares WestEnd US Sector ETF Stock Performance

The business has a 50 day moving average price of $48.39 and a two-hundred day moving average price of $47.60. The company has a market cap of $972.10 million, a P/E ratio of 57.52 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Institutional Inflows and Outflows

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