Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Shares Up 0.3% – Time to Buy?

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE)’s stock price rose 0.3% during mid-day trading on Tuesday . The company traded as high as $71.31 and last traded at $71.13. 11,080 shares changed hands during trading, a decline of 41% from the average session volume of 18,824 shares. The stock had previously closed at $70.89.

Vident U.S. Equity Strategy ETF Stock Performance

The stock has a 50 day moving average of $71.40 and a 200 day moving average of $67.98. The stock has a market capitalization of $668.62 million, a P/E ratio of 25.18 and a beta of 0.94.

Hedge Funds Weigh In On Vident U.S. Equity Strategy ETF

Several institutional investors have recently modified their holdings of VUSE. Jones Financial Companies Lllp acquired a new stake in shares of Vident U.S. Equity Strategy ETF in the 1st quarter worth about $46,000. Nova Wealth Management Inc. lifted its position in Vident U.S. Equity Strategy ETF by 283.8% in the 4th quarter. Nova Wealth Management Inc. now owns 1,946 shares of the company’s stock valued at $129,000 after purchasing an additional 1,439 shares during the last quarter. Strategic Blueprint LLC boosted its stake in Vident U.S. Equity Strategy ETF by 10.8% during the 4th quarter. Strategic Blueprint LLC now owns 12,626 shares of the company’s stock valued at $834,000 after purchasing an additional 1,227 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Vident U.S. Equity Strategy ETF by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 126,313 shares of the company’s stock valued at $7,156,000 after purchasing an additional 9,500 shares during the period.

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.