Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Hits New 52-Week High – What’s Next?

Vident Core U.S. Equity Fund (NYSEARCA:VUSE)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $61.73 and last traded at $61.73, with a volume of 991 shares traded. The stock had previously closed at $61.08.

Vident Core U.S. Equity Fund Stock Performance

The company has a market cap of $653.49 million, a price-to-earnings ratio of 17.39 and a beta of 0.94. The stock’s fifty day moving average is $58.33 and its two-hundred day moving average is $55.64.

Hedge Funds Weigh In On Vident Core U.S. Equity Fund

Large investors have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in shares of Vident Core U.S. Equity Fund during the 2nd quarter worth approximately $179,000. Willner & Heller LLC bought a new stake in Vident Core U.S. Equity Fund during the second quarter worth $215,000. Oak Harvest Investment Services purchased a new position in Vident Core U.S. Equity Fund in the second quarter worth $201,000. Commonwealth Equity Services LLC grew its stake in Vident Core U.S. Equity Fund by 15.1% in the 2nd 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 during the period. Finally, Ballentine Partners LLC bought a new stake in shares of Vident Core U.S. Equity Fund during the 2nd quarter worth $2,050,000.

About Vident Core U.S. Equity Fund

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.