Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Hits New 52-Week High – Still a Buy?

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSEGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $73.08 and last traded at $73.08, with a volume of 195 shares changing hands. The stock had previously closed at $70.98.

Vident U.S. Equity Strategy ETF Trading Up 0.1%

The stock has a market capitalization of $689.13 million, a P/E ratio of 25.18 and a beta of 0.94. The business has a 50-day moving average price of $69.10 and a 200 day moving average price of $66.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VUSE. Jones Financial Companies Lllp bought a new position in shares of Vident U.S. Equity Strategy ETF during the 1st quarter valued at approximately $46,000. Nova Wealth Management Inc. grew its position in Vident U.S. Equity Strategy ETF by 283.8% in the fourth quarter. Nova Wealth Management Inc. now owns 1,946 shares of the company’s stock worth $129,000 after acquiring an additional 1,439 shares in the last quarter. Strategic Blueprint LLC grew its position in Vident U.S. Equity Strategy ETF by 10.8% in the fourth quarter. Strategic Blueprint LLC now owns 12,626 shares of the company’s stock worth $834,000 after acquiring an additional 1,227 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position 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 worth $7,156,000 after acquiring an additional 9,500 shares in the last quarter.

Vident U.S. Equity Strategy ETF Company Profile

(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.

Further Reading

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