Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Sees Large Volume Increase – Should You Buy?

Shares of Vident Core U.S. Equity Fund (NYSEARCA:VUSE) saw an uptick in trading volume on Thursday . 17,165 shares changed hands during mid-day trading, an increase of 7% from the previous session’s volume of 15,987 shares.The stock last traded at $57.44 and had previously closed at $58.12.

Vident Core U.S. Equity Fund Stock Down 2.0 %

The company’s 50 day moving average is $59.81 and its 200 day moving average is $59.27. The firm has a market capitalization of $543.49 million, a price-to-earnings ratio of 23.89 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC lifted its position in shares of Vident Core U.S. Equity Fund by 93.7% during the 4th quarter. Citadel Advisors LLC now owns 18,753 shares of the company’s stock worth $1,100,000 after buying an additional 9,072 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Vident Core U.S. Equity Fund in the 4th quarter valued at approximately $696,000. Raymond James Financial Inc. acquired a new stake in shares of Vident Core U.S. Equity Fund in the 4th quarter valued at approximately $542,000. Willner & Heller LLC grew its holdings in shares of Vident Core U.S. Equity Fund by 48.4% during the 4th quarter. Willner & Heller LLC now owns 9,230 shares of the company’s stock valued at $541,000 after purchasing an additional 3,011 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Vident Core U.S. Equity Fund during the 4th quarter worth approximately $405,000.

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.