Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Reaches New 12-Month High – Here’s What Happened

Shares of Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) hit a new 52-week high on Friday . The stock traded as high as $68.75 and last traded at $68.75, with a volume of 785 shares changing hands. The stock had previously closed at $68.21.

Vident U.S. Equity Strategy ETF Stock Performance

The stock has a market cap of $651.99 million, a price-to-earnings ratio of 25.18 and a beta of 0.93. The firm’s 50-day moving average price is $65.31 and its two-hundred day moving average price is $65.75.

Hedge Funds Weigh In On Vident U.S. Equity Strategy ETF

Hedge funds have recently modified their holdings of the business. Strategic Blueprint LLC grew its position in Vident U.S. Equity Strategy ETF by 10.8% in the 4th quarter. Strategic Blueprint LLC now owns 12,626 shares of the company’s stock valued at $834,000 after buying an additional 1,227 shares during the last quarter. Nova Wealth Management Inc. grew its position in Vident U.S. Equity Strategy ETF by 283.8% in the 4th quarter. Nova Wealth Management Inc. now owns 1,946 shares of the company’s stock valued at $129,000 after buying an additional 1,439 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Vident U.S. Equity Strategy ETF by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 126,313 shares of the company’s stock valued at $7,156,000 after buying an additional 9,500 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Vident U.S. Equity Strategy ETF in the 1st quarter valued at $46,000.

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.