Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Reaches New 52-Week High – Here’s Why

Shares of Vident U.S. Equity Strategy ETF (NYSEARCA:VUSEGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $71.34 and last traded at $71.34, with a volume of 140 shares. The stock had previously closed at $70.36.

Vident U.S. Equity Strategy ETF Stock Up 0.7%

The firm has a market cap of $682.20 million, a PE ratio of 25.18 and a beta of 0.93. The stock’s fifty day simple moving average is $67.06 and its two-hundred day simple moving average is $66.28.

Institutional Investors Weigh In On Vident U.S. Equity Strategy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in Vident U.S. Equity Strategy ETF by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 126,313 shares of the company’s stock worth $7,156,000 after purchasing an additional 9,500 shares during the period. Jones Financial Companies Lllp purchased a new stake in Vident U.S. Equity Strategy ETF in the first quarter worth about $46,000. Strategic Blueprint LLC grew its holdings in Vident U.S. Equity Strategy ETF by 10.8% in the fourth quarter. Strategic Blueprint LLC now owns 12,626 shares of the company’s stock worth $834,000 after purchasing an additional 1,227 shares during the period. Finally, Nova Wealth Management Inc. grew its holdings in Vident U.S. Equity Strategy ETF by 283.8% in the fourth quarter. Nova Wealth Management Inc. now owns 1,946 shares of the company’s stock worth $129,000 after purchasing an additional 1,439 shares during the period.

Vident U.S. Equity Strategy ETF Company Profile

(Get Free Report)

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.

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