VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Share Price Cross Above 200-Day Moving Average – Time to Sell?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $46.97 and traded as high as $48.57. VictoryShares WestEnd US Sector ETF shares last traded at $48.5560, with a volume of 14,176 shares changing hands.

VictoryShares WestEnd US Sector ETF Trading Up 0.5%

The business’s 50-day simple moving average is $46.41 and its two-hundred day simple moving average is $46.97. The company has a market capitalization of $920.14 million, a PE ratio of 54.56 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 9th were paid a $0.0371 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, April 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is 38.20%.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

A number of institutional investors have recently modified their holdings of MODL. Goldman Sachs Group Inc. acquired a new stake in shares of VictoryShares WestEnd US Sector ETF in the 1st quarter valued at about $215,000. Jane Street Group LLC acquired a new stake in shares of VictoryShares WestEnd US Sector ETF in the 1st quarter valued at about $477,000. Raymond James Financial Inc. raised its stake in shares of VictoryShares WestEnd US Sector ETF by 0.3% in the 2nd quarter. Raymond James Financial Inc. now owns 882,830 shares of the company’s stock valued at $38,050,000 after purchasing an additional 2,921 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of VictoryShares WestEnd US Sector ETF by 0.9% in the 2nd quarter. Osaic Holdings Inc. now owns 67,114 shares of the company’s stock valued at $2,895,000 after purchasing an additional 628 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in shares of VictoryShares WestEnd US Sector ETF by 18.5% in the 3rd quarter. DAVENPORT & Co LLC now owns 14,454 shares of the company’s stock valued at $668,000 after purchasing an additional 2,256 shares in the last quarter. Institutional investors and hedge funds 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.