Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Sees Strong Trading Volume – Time to Buy?

Vident Core U.S. Equity Fund (NYSEARCA:VUSE) shares saw unusually-high trading volume on Thursday . Approximately 201,938 shares traded hands during trading, an increase of 1,108% from the previous session’s volume of 16,717 shares.The stock last traded at $58.60 and had previously closed at $58.64.

Vident Core U.S. Equity Fund Stock Performance

The firm has a market capitalization of $621.16 million, a price-to-earnings ratio of 17.39 and a beta of 0.94. The stock’s fifty day moving average is $60.12 and its two-hundred day moving average is $57.06.

Institutional Trading of Vident Core U.S. Equity Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Ballentine Partners LLC acquired a new position in Vident Core U.S. Equity Fund during the 2nd quarter valued at about $2,050,000. Mercer Global Advisors Inc. ADV increased its position in Vident Core U.S. Equity Fund by 100.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,648 shares of the company’s stock valued at $574,000 after acquiring an additional 5,324 shares during the period. Summit Investment Advisory Services LLC acquired a new position in Vident Core U.S. Equity Fund during the 3rd quarter worth $377,000. Willner & Heller LLC grew its stake in shares of Vident Core U.S. Equity Fund by 56.4% in the third quarter. Willner & Heller LLC now owns 6,219 shares of the company’s stock worth $356,000 after purchasing an additional 2,242 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Vident Core U.S. Equity Fund by 15.1% during the second quarter. Commonwealth Equity Services LLC now owns 5,765 shares of the company’s stock valued at $312,000 after purchasing an additional 755 shares in 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.