VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Hits New 1-Year High – What’s Next?

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL – Get Free Report) shares hit a new 52-week high during trading on Tuesday. The stock traded as high as $53.45 and last traded at $53.44, with a volume of 12363 shares. The stock had previously closed at $53.00.

VictoryShares WestEnd US Sector ETF Trading Up 0.6%

The business’s fifty day moving average price is $52.52 and its two-hundred day moving average price is $50.35. The firm has a market cap of $1.08 billion, a P/E ratio of 59.90 and a beta of 0.94.

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VictoryShares WestEnd US Sector ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, September 9th were paid a dividend of $0.0475 per share. This is a boost from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0137. The ex-dividend date was Wednesday, September 9th. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is currently 41.57%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in VictoryShares WestEnd US Sector ETF by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock worth $57,599,000 after purchasing an additional 24,925 shares during the period. Bank of America Corp DE increased its stake in shares of VictoryShares WestEnd US Sector ETF by 48,293.9% in the first quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock worth $43,254,000 after purchasing an additional 965,878 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock worth $25,658,000 after buying an additional 30,182 shares during the last quarter. Royal Bank of Canada grew its stake in shares of VictoryShares WestEnd US Sector ETF by 29.5% in the first quarter. Royal Bank of Canada now owns 472,306 shares of the company’s stock worth $21,107,000 after acquiring an additional 107,520 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in VictoryShares WestEnd US Sector ETF by 97.4% during the second quarter. Envestnet Asset Management Inc. now owns 383,308 shares of the company’s stock worth $19,537,000 after acquiring an additional 189,095 shares during the period. 29.49% of the stock is owned by institutional investors.

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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