Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Stock Price Up 0.9%

Vident Core U.S. Equity Fund (NYSEARCA:VUSE) shares shot up 0.9% during mid-day trading on Friday . The company traded as high as $55.73 and last traded at $55.60. 9,703 shares were traded during mid-day trading, a decline of 47% from the average session volume of 18,314 shares. The stock had previously closed at $55.11.

Vident Core U.S. Equity Fund Price Performance

The firm has a market cap of $589.31 million, a PE ratio of 17.39 and a beta of 0.94. The firm has a 50-day simple moving average of $54.63 and a 200 day simple moving average of $53.77.

Hedge Funds Weigh In On Vident Core U.S. Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV raised its position in shares of Vident Core U.S. Equity Fund by 100.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,648 shares of the company’s stock worth $574,000 after purchasing an additional 5,324 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Vident Core U.S. Equity Fund in the second quarter worth approximately $2,050,000. Commonwealth Equity Services LLC lifted its stake in shares of Vident Core U.S. Equity Fund by 15.1% in the second quarter. Commonwealth Equity Services LLC now owns 5,765 shares of the company’s stock worth $312,000 after buying an additional 755 shares in the last quarter. Oak Harvest Investment Services purchased a new stake in shares of Vident Core U.S. Equity Fund during the second quarter valued at approximately $201,000. Finally, Willner & Heller LLC bought a new stake in shares of Vident Core U.S. Equity Fund during the second quarter valued at approximately $215,000.

About Vident Core U.S. Equity Fund

The Vident Core U.S. Equity Fund (VUSE) is an exchange-traded fund that is based on the Vident Core U.S. Stock index. The fund tracks an index of US companies selected and weighted based on a multi-factor model that considers corporate governance, quality, and momentum. VUSE was launched on Jan 22, 2014 and is managed by Vident.