Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE – Get Free Report) dropped 0.6% on Monday . The stock traded as low as $66.09 and last traded at $66.17. Approximately 4,441 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 14,690 shares. The stock had previously closed at $66.55.
Vident U.S. Equity Strategy ETF Price Performance
The company has a market capitalization of $648.47 million, a PE ratio of 25.18 and a beta of 0.99. The stock’s 50 day simple moving average is $65.76 and its 200-day simple moving average is $64.23.
Hedge Funds Weigh In On Vident U.S. Equity Strategy ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nova Wealth Management Inc. grew its stake in shares of Vident U.S. Equity Strategy ETF by 101.8% in the first quarter. Nova Wealth Management Inc. now owns 765 shares of the company’s stock worth $43,000 after acquiring an additional 386 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Vident U.S. Equity Strategy ETF in the first quarter valued at $46,000. Cetera Investment Advisers acquired a new position in Vident U.S. Equity Strategy ETF during the 1st quarter worth $250,000. Strategic Blueprint LLC purchased a new stake in Vident U.S. Equity Strategy ETF during the 2nd quarter worth about $615,000. Finally, Goldman Sachs Group Inc. increased its holdings 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 worth $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.
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