Applied Finance Valuation Large Cap ETF (NYSEARCA:VSLU) Reaches New 52-Week High – Time to Buy?

Applied Finance Valuation Large Cap ETF (NYSEARCA:VSLU)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $49.43 and last traded at $49.4450, with a volume of 3856 shares. The stock had previously closed at $48.94.

Applied Finance Valuation Large Cap ETF Price Performance

The company’s fifty day moving average is $47.97 and its 200-day moving average is $45.83. The stock has a market cap of $566.76 million, a PE ratio of 25.26 and a beta of 0.95.

Hedge Funds Weigh In On Applied Finance Valuation Large Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of VSLU. JPMorgan Chase & Co. raised its position in Applied Finance Valuation Large Cap ETF by 1.3% during the fourth quarter. JPMorgan Chase & Co. now owns 174,427 shares of the company’s stock valued at $7,720,000 after acquiring an additional 2,190 shares in the last quarter. Advisory Services Network LLC boosted its position in Applied Finance Valuation Large Cap ETF by 3.1% in the 4th quarter. Advisory Services Network LLC now owns 80,813 shares of the company’s stock worth $3,577,000 after purchasing an additional 2,404 shares in the last quarter. Acima Private Wealth LLC boosted its position in Applied Finance Valuation Large Cap ETF by 12.5% in the 2nd quarter. Acima Private Wealth LLC now owns 312,859 shares of the company’s stock worth $14,469,000 after purchasing an additional 34,657 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Applied Finance Valuation Large Cap ETF by 23.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 316,246 shares of the company’s stock worth $13,997,000 after purchasing an additional 59,626 shares during the period. Finally, Crestwood Advisors Group LLC grew its stake in shares of Applied Finance Valuation Large Cap ETF by 39.1% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,999,806 shares of the company’s stock worth $88,511,000 after purchasing an additional 562,435 shares during the period.

Applied Finance Valuation Large Cap ETF Company Profile

The Applied Finance Valuation Large Cap US ETF (VSLU) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund the selects at least 200 stocks globally based on a proprietary valuation driven investment process. VSLU was launched on Apr 29, 2021 and is managed by Applied Finance.