Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Hits New 12-Month High – Should You Buy?

Vident Core U.S. Equity Fund (NYSEARCA:VUSE)’s share price hit a new 52-week high on Monday . The company traded as high as $61.73 and last traded at $61.73, with a volume of 991 shares changing hands. The stock had previously closed at $61.08.

Vident Core U.S. Equity Fund Stock Performance

The firm’s 50-day moving average is $58.55 and its two-hundred day moving average is $55.76. The stock has a market cap of $653.22 million, a P/E ratio of 17.39 and a beta of 0.94.

Hedge Funds Weigh In On Vident Core U.S. Equity Fund

Several large investors have recently made changes to their positions in VUSE. Kings Path Partners LLC acquired a new stake in Vident Core U.S. Equity Fund in the third quarter worth about $153,000. Mather Group LLC. bought a new position in shares of Vident Core U.S. Equity Fund in the 2nd quarter valued at about $179,000. Oak Harvest Investment Services acquired a new stake in shares of Vident Core U.S. Equity Fund during the 2nd quarter worth approximately $201,000. Willner & Heller LLC bought a new stake in shares of Vident Core U.S. Equity Fund during the second quarter worth approximately $215,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Vident Core U.S. Equity Fund by 15.1% during the second quarter. Commonwealth Equity Services LLC now owns 5,765 shares of the company’s stock worth $312,000 after buying an additional 755 shares during the last quarter.

Vident Core U.S. Equity Fund Company Profile

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.