Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Hits New 1-Year High – Should You Buy?

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSEGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $68.72 and last traded at $68.50, with a volume of 9138 shares traded. The stock had previously closed at $67.89.

Vident U.S. Equity Strategy ETF Trading Up 0.6%

The stock has a fifty day moving average of $65.10 and a two-hundred day moving average of $65.70. The stock has a market capitalization of $648.19 million, a price-to-earnings ratio of 25.18 and a beta of 0.93.

Institutional Trading of Vident U.S. Equity Strategy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VUSE. Jones Financial Companies Lllp acquired a new position in Vident U.S. Equity Strategy ETF during the 1st quarter worth about $46,000. Nova Wealth Management Inc. grew its holdings in Vident U.S. Equity Strategy ETF by 283.8% during the 4th 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 during the last quarter. Strategic Blueprint LLC increased its position in Vident U.S. Equity Strategy ETF by 16.8% in the 3rd quarter. Strategic Blueprint LLC now owns 11,399 shares of the company’s stock valued at $757,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 during the last quarter.

About Vident U.S. Equity Strategy ETF

(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.

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