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

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE)’s share price hit 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 traded. The stock had previously closed at $70.36.

Vident U.S. Equity Strategy ETF Trading Up 1.2%

The company has a market cap of $676.50 million, a P/E ratio of 25.18 and a beta of 0.93. The stock’s 50 day moving average is $66.64 and its 200-day moving average is $66.14.

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

A number of hedge funds have recently bought and sold shares of VUSE. Jones Financial Companies Lllp bought a new position in Vident U.S. Equity Strategy ETF in the 1st quarter worth about $46,000. Nova Wealth Management Inc. boosted its stake 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 worth $129,000 after purchasing an additional 1,439 shares in the last quarter. Strategic Blueprint LLC raised its position in Vident U.S. Equity Strategy ETF by 10.8% in the 4th quarter. Strategic Blueprint LLC now owns 12,626 shares of the company’s stock worth $834,000 after buying an additional 1,227 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Vident U.S. Equity Strategy ETF by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 126,313 shares of the company’s stock worth $7,156,000 after buying an additional 9,500 shares during the last quarter.

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.