Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Shares Down 1.4% – Should You Sell?

Vident Core U.S. Equity Fund (NYSEARCA:VUSE)’s share price fell 1.4% during trading on Monday . The stock traded as low as $58.45 and last traded at $58.76. 15,063 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 16,727 shares. The stock had previously closed at $59.61.

Vident Core U.S. Equity Fund Stock Down 1.4 %

The company has a 50 day moving average of $60.10 and a 200 day moving average of $57.01. The stock has a market capitalization of $622.86 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

A number of institutional investors have recently bought and sold shares of VUSE. Ballentine Partners LLC acquired a new position in shares of Vident Core U.S. Equity Fund in the 2nd quarter valued at $2,050,000. Summit Investment Advisory Services LLC acquired a new position in Vident Core U.S. Equity Fund in the third quarter valued at $377,000. Foundations Investment Advisors LLC purchased a new stake in Vident Core U.S. Equity Fund during the third quarter valued at about $320,000. Mercer Global Advisors Inc. ADV increased its stake in Vident Core U.S. Equity Fund by 100.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 10,648 shares of the company’s stock worth $574,000 after acquiring an additional 5,324 shares during the last quarter. Finally, Kings Path Partners LLC purchased a new position in shares of Vident Core U.S. Equity Fund in the 3rd quarter worth about $153,000.

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.