Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Stock Price Down 0.1% – What’s Next?

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE)’s stock price fell 0.1% during trading on Friday . The stock traded as low as $66.37 and last traded at $66.48. 30,743 shares were traded during mid-day trading, a decline of 43% from the average session volume of 54,083 shares. The stock had previously closed at $66.56.

Vident U.S. Equity Strategy ETF Stock Performance

The stock has a market cap of $634.88 million, a PE ratio of 25.18 and a beta of 0.99. The business has a 50 day moving average price of $66.12 and a two-hundred day moving average price of $65.40.

Institutional Investors Weigh In On Vident U.S. Equity Strategy ETF

A number of hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp purchased a new position in shares of Vident U.S. Equity Strategy ETF in the 1st quarter worth about $46,000. Goldman Sachs Group Inc. boosted its stake in Vident U.S. Equity Strategy ETF by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 126,313 shares of the company’s stock valued at $7,156,000 after acquiring an additional 9,500 shares during the last quarter. Strategic Blueprint LLC bought a new position in shares of Vident U.S. Equity Strategy ETF during the 2nd quarter valued at approximately $615,000. Finally, Nova Wealth Management Inc. increased its stake in shares of Vident U.S. Equity Strategy ETF by 283.8% during the 4th quarter. Nova Wealth Management Inc. now owns 1,946 shares of the company’s stock worth $129,000 after purchasing an additional 1,439 shares during the last quarter.

About Vident U.S. Equity Strategy ETF

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.