VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 1-Year High – Still a Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $51.71 and last traded at $51.5990, with a volume of 32985 shares. The stock had previously closed at $51.68.

VictoryShares WestEnd US Sector ETF Price Performance

The company has a market cap of $1.04 billion, a PE ratio of 57.87 and a beta of 0.93. The business has a fifty day simple moving average of $50.57 and a two-hundred day simple moving average of $48.29.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Institutional investors have recently added to or reduced their stakes in the stock. 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 valued at $43,254,000 after acquiring an additional 965,878 shares during the last quarter. Victory Capital Management Inc. grew its holdings in VictoryShares WestEnd US Sector ETF by 7.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock worth $260,446,000 after purchasing an additional 395,473 shares during the last quarter. LPL Financial LLC increased its position in shares of VictoryShares WestEnd US Sector ETF by 33.5% during the fourth quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock worth $51,994,000 after purchasing an additional 274,425 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of 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 worth $60,062,000 after purchasing an additional 156,576 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings 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 purchasing an additional 109,420 shares during the last quarter. 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.