Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Reaches New 12-Month High – Still a Buy?

Vident Core U.S. Equity Fund (NYSEARCA:VUSEGet Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $60.05 and last traded at $60.05, with a volume of 448 shares. The stock had previously closed at $58.49.

Vident Core U.S. Equity Fund Stock Up 3.2 %

The company has a market capitalization of $639.60 million, a price-to-earnings ratio of 17.39 and a beta of 0.94. The business has a fifty day simple moving average of $56.97 and a two-hundred day simple moving average of $54.93.

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

Several institutional investors and hedge funds have recently made changes to their positions in VUSE. Vident Advisory LLC raised its stake in shares of Vident Core U.S. Equity Fund by 20.8% in the first quarter. Vident Advisory LLC now owns 781,234 shares of the company’s stock valued at $42,504,000 after acquiring an additional 134,439 shares during the last quarter. Ballentine Partners LLC bought a new position in Vident Core U.S. Equity Fund during the second quarter worth about $2,050,000. Mercer Global Advisors Inc. ADV grew its position in shares of Vident Core U.S. Equity Fund by 100.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,648 shares of the company’s stock worth $574,000 after buying an additional 5,324 shares during the period. Summit Investment Advisory Services LLC bought a new stake in Vident Core U.S. Equity Fund in the third quarter valued at approximately $377,000. Finally, Willner & Heller LLC grew its position in shares of Vident Core U.S. Equity Fund by 56.4% in the 3rd quarter. Willner & Heller LLC now owns 6,219 shares of the company’s stock valued at $356,000 after purchasing an additional 2,242 shares during the period.

About Vident Core U.S. Equity Fund

(Get Free Report)

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.

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