Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Sets New 52-Week High – Still a Buy?

Shares of Vident Core U.S. Equity Fund (NYSEARCA:VUSE) reached a new 52-week high during trading on Monday . The company traded as high as $61.85 and last traded at $61.85, with a volume of 254 shares. The stock had previously closed at $61.74.

Vident Core U.S. Equity Fund Trading Up 0.1 %

The company has a market capitalization of $654.66 million, a price-to-earnings ratio of 17.39 and a beta of 0.94. The business’s 50 day moving average price is $59.04 and its two-hundred day moving average price is $56.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC acquired a new stake in Vident Core U.S. Equity Fund in the second quarter valued at $2,050,000. Summit Investment Advisory Services LLC acquired a new stake in shares of Vident Core U.S. Equity Fund in the third quarter valued at about $377,000. Foundations Investment Advisors LLC bought a new position in shares of Vident Core U.S. Equity Fund during the third quarter worth about $320,000. Mercer Global Advisors Inc. ADV lifted its stake in shares of Vident Core U.S. Equity Fund by 100.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 10,648 shares of the company’s stock worth $574,000 after acquiring an additional 5,324 shares during the period. Finally, Willner & Heller LLC bought a new stake in Vident Core U.S. Equity Fund in the second quarter valued at approximately $215,000.

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.