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

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

VictoryShares WestEnd US Sector ETF Price Performance

The stock has a market capitalization of $1.02 billion, a P/E ratio of 56.91 and a beta of 0.93. The firm has a 50-day simple moving average of $50.73 and a 200 day simple moving average of $48.46.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Several hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in VictoryShares WestEnd US Sector ETF in the 4th quarter valued at approximately $38,000. Allworth Financial LP bought a new position in shares of VictoryShares WestEnd US Sector ETF during the third quarter valued at $78,000. Capital Analysts LLC acquired a new position in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter worth $126,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of VictoryShares WestEnd US Sector ETF during the third quarter worth $184,000. Finally, Comerica Bank grew its stake 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 worth $207,000 after purchasing an additional 452 shares during the last quarter. 29.49% of the stock is currently owned by institutional investors and hedge funds.

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.