Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Sets New 52-Week High – What’s Next?

Vident Core U.S. Equity Fund (NYSEARCA:VUSE)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $57.60 and last traded at $57.57, with a volume of 12932 shares changing hands. The stock had previously closed at $57.05.

Vident Core U.S. Equity Fund Stock Performance

The company’s 50-day moving average is $55.20 and its 200-day moving average is $54.16. The firm has a market cap of $610.24 million, a price-to-earnings ratio of 17.39 and a beta of 0.94.

Institutional Trading of Vident Core U.S. Equity Fund

Hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV increased its position in Vident Core U.S. Equity Fund by 100.0% in the second 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 period. Commonwealth Equity Services LLC raised its stake in shares of Vident Core U.S. Equity Fund by 15.1% during 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 during the last quarter. Ballentine Partners LLC acquired a new position in Vident Core U.S. Equity Fund in the second quarter valued at approximately $2,050,000. Oak Harvest Investment Services bought a new position in Vident Core U.S. Equity Fund in the second quarter valued at approximately $201,000. Finally, Willner & Heller LLC acquired a new stake in Vident Core U.S. Equity Fund during the 2nd quarter worth $215,000.

Vident Core U.S. Equity Fund Company Profile

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.