Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Shares Down 0.7% – Here’s Why

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) shares dropped 0.7% during mid-day trading on Tuesday . The stock traded as low as $71.71 and last traded at $71.81. 5,739 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 20,161 shares. The stock had previously closed at $72.31.

Vident U.S. Equity Strategy ETF Trading Down 0.7%

The stock has a market capitalization of $685.79 million, a P/E ratio of 25.18 and a beta of 0.94. The stock’s 50 day simple moving average is $70.81 and its 200 day simple moving average is $67.48.

Institutional Investors Weigh In On Vident U.S. Equity Strategy ETF

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of Vident U.S. Equity Strategy ETF by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 126,313 shares of the company’s stock worth $7,156,000 after purchasing an additional 9,500 shares during the last quarter. Strategic Blueprint LLC increased its holdings 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 valued at $834,000 after buying an additional 1,227 shares during the last quarter. Nova Wealth Management Inc. raised its stake in Vident U.S. Equity Strategy ETF by 283.8% during the fourth 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 in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in Vident U.S. Equity Strategy ETF during the first quarter valued at approximately $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.