Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Sees Strong Trading Volume

Shares of Vident Core U.S. Equity Fund (NYSEARCA:VUSE) saw an uptick in trading volume on Monday . 92,912 shares traded hands during mid-day trading, an increase of 415% from the previous session’s volume of 18,049 shares.The stock last traded at $54.14 and had previously closed at $54.13.

Vident Core U.S. Equity Fund Trading Up 0.3 %

The company has a market cap of $579.29 million, a price-to-earnings ratio of 17.39 and a beta of 0.94. The stock’s 50-day moving average is $53.30 and its 200-day moving average is $52.66.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Private Wealth Management Group LLC bought a new stake in Vident Core U.S. Equity Fund during the 4th quarter worth approximately $56,000. Criterion Capital Advisors LLC purchased a new stake in Vident Core U.S. Equity Fund in the 4th quarter valued at $84,000. Summit Investment Advisory Services LLC bought a new position in Vident Core U.S. Equity Fund during the 4th quarter valued at $335,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Vident Core U.S. Equity Fund in the 4th quarter worth $346,000. Finally, Vident Advisory LLC raised its holdings 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 purchasing an additional 134,439 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.