VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Reaches New 1-Year High – Should You Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) reached a new 52-week high on Friday . The company traded as high as $48.39 and last traded at $48.5090, with a volume of 288 shares. The stock had previously closed at $47.95.

VictoryShares WestEnd US Sector ETF Trading Up 1.2%

The firm has a market capitalization of $917.19 million, a PE ratio of 54.58 and a beta of 0.94. The business has a fifty day moving average price of $46.31 and a two-hundred day moving average price of $46.91.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 9th were given a dividend of $0.0371 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a c) annualized dividend and a yield of 0.9%. VictoryShares WestEnd US Sector ETF’s payout ratio is 38.20%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position 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 period. Janney Montgomery Scott LLC increased 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 worth $60,062,000 after buying an additional 156,576 shares during the period. Truist Financial Corp increased its position in VictoryShares WestEnd US Sector ETF by 5.7% during the fourth quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after buying an additional 60,079 shares during the period. LPL Financial LLC increased its position in 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 buying an additional 274,425 shares during the period. Finally, Raymond James Financial Inc. increased 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 worth $45,858,000 after buying an additional 109,420 shares during the period. 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.