Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Sets New 52-Week High at $54.52

Vident Core U.S. Equity Fund (NYSEARCA:VUSE)’s stock price reached a new 52-week high on Friday . The company traded as high as $54.52 and last traded at $54.39, with a volume of 3040 shares. The stock had previously closed at $54.02.

Vident Core U.S. Equity Fund Price Performance

The stock has a market cap of $573.78 million, a PE ratio of 17.39 and a beta of 0.94. The company’s fifty day moving average is $53.14 and its 200-day moving average is $52.55.

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

Institutional investors have recently modified their holdings of the stock. Private Wealth Management Group LLC purchased a new stake in Vident Core U.S. Equity Fund in the 4th quarter worth approximately $56,000. Criterion Capital Advisors LLC acquired a new stake in Vident Core U.S. Equity Fund during the fourth quarter valued at $84,000. Summit Investment Advisory Services LLC purchased a new position in Vident Core U.S. Equity Fund in the fourth quarter valued at $335,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Vident Core U.S. Equity Fund in the fourth quarter worth about $346,000. Finally, Vident Advisory LLC boosted its stake in shares of Vident Core U.S. Equity Fund by 20.8% during the 1st quarter. Vident Advisory LLC now owns 781,234 shares of the company’s stock worth $42,504,000 after acquiring an additional 134,439 shares in the last quarter.

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.