Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Sees Strong Trading Volume – What’s Next?

Shares of Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) saw unusually-high trading volume on Friday . Approximately 19,360 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 14,507 shares.The stock last traded at $66.2310 and had previously closed at $66.57.

Vident U.S. Equity Strategy ETF Price Performance

The company has a market capitalization of $644.16 million, a P/E ratio of 25.18 and a beta of 0.99. The company has a fifty day moving average price of $65.86 and a two-hundred day moving average price of $64.89.

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

A number of institutional investors have recently added to or reduced their stakes in VUSE. Jones Financial Companies Lllp bought a new position in shares of Vident U.S. Equity Strategy ETF during the first quarter valued at $46,000. Goldman Sachs Group Inc. increased its holdings 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 purchasing an additional 9,500 shares during the period. Nova Wealth Management Inc. increased its holdings in Vident U.S. Equity Strategy ETF by 101.8% in the first quarter. Nova Wealth Management Inc. now owns 765 shares of the company’s stock valued at $43,000 after purchasing an additional 386 shares during the period. Finally, Strategic Blueprint LLC bought a new position in Vident U.S. Equity Strategy ETF during the 2nd quarter worth $615,000.

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.