Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Stock Price Down 0.2% – Should You Sell?

Vident Core U.S. Equity Fund (NYSEARCA:VUSE) shares were down 0.2% on Monday . The stock traded as low as $57.60 and last traded at $57.64. Approximately 12,271 shares changed hands during trading, a decline of 29% from the average daily volume of 17,298 shares. The stock had previously closed at $57.77.

Vident Core U.S. Equity Fund Trading Down 0.2 %

The firm has a 50-day simple moving average of $56.82 and a two-hundred day simple moving average of $54.84. The company has a market capitalization of $610.98 million, a price-to-earnings ratio of 17.39 and a beta of 0.94.

Institutional Investors Weigh In On Vident Core U.S. Equity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kings Path Partners LLC acquired a new stake in shares of Vident Core U.S. Equity Fund during the 3rd quarter valued at about $153,000. Mather Group LLC. acquired a new stake in shares of Vident Core U.S. Equity Fund during the 2nd quarter valued at about $179,000. Oak Harvest Investment Services acquired a new stake in shares of Vident Core U.S. Equity Fund during the 2nd quarter valued at about $201,000. Willner & Heller LLC acquired a new stake in shares of Vident Core U.S. Equity Fund during the 2nd quarter valued at about $215,000. Finally, Commonwealth Equity Services LLC grew its position in shares of Vident Core U.S. Equity Fund by 15.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,765 shares of the company’s stock valued at $312,000 after acquiring an additional 755 shares during the period.

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.