VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sets New 52-Week High – Time to Buy?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODLGet Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.67 and last traded at $50.5410, with a volume of 1610 shares trading hands. The stock had previously closed at $50.34.

VictoryShares WestEnd US Sector ETF Price Performance

The company has a market cap of $960.76 million, a price-to-earnings ratio of 56.88 and a beta of 0.94. The firm’s 50 day simple moving average is $47.30 and its 200-day simple moving average is $47.32.

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 paid a $0.0134 dividend. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, May 8th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is currently 38.20%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of 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 worth $43,254,000 after buying an additional 965,878 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 5.3% during the first quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock worth $1,010,000 after buying an additional 1,142 shares during the period. Royal Bank of Canada boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 29.5% during the first quarter. Royal Bank of Canada now owns 472,306 shares of the company’s stock worth $21,107,000 after buying an additional 107,520 shares during the period. D.A. Davidson & CO. boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 5.6% during the first quarter. D.A. Davidson & CO. now owns 108,045 shares of the company’s stock worth $4,829,000 after buying an additional 5,716 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of VictoryShares WestEnd US Sector ETF during the first quarter worth about $208,000. Institutional investors and hedge funds own 29.49% of the company’s stock.

About VictoryShares WestEnd US Sector ETF

(Get Free Report)

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.

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