Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Sees Unusually-High Trading Volume – Time to Buy?

Vident Core U.S. Equity Fund (NYSEARCA:VUSE) shares saw unusually-strong trading volume on Wednesday . Approximately 211,117 shares changed hands during trading, an increase of 1,182% from the previous session’s volume of 16,469 shares.The stock last traded at $56.63 and had previously closed at $56.65.

Vident Core U.S. Equity Fund Stock Up 0.5 %

The firm’s 50-day moving average price is $59.65 and its 200 day moving average price is $59.36. The company has a market capitalization of $549.46 million, a P/E ratio of 24.25 and a beta of 1.10.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Vident Core U.S. Equity Fund during the fourth quarter valued at about $696,000. Raymond James Financial Inc. bought a new position in shares of Vident Core U.S. Equity Fund during the 4th quarter worth approximately $542,000. Citadel Advisors LLC boosted its stake in shares of Vident Core U.S. Equity Fund by 93.7% in 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. Wealth Enhancement Advisory Services LLC bought a new position in shares of Vident Core U.S. Equity Fund in the fourth quarter valued at approximately $405,000. Finally, Willner & Heller LLC increased its position in shares of Vident Core U.S. Equity Fund by 48.4% during the fourth quarter. Willner & Heller LLC now owns 9,230 shares of the company’s stock valued at $541,000 after acquiring an additional 3,011 shares during the last quarter.

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.