Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Sets New 52-Week High – Still a Buy?

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $21,474,836.47 and last traded at $64.3410, with a volume of 152 shares traded. The stock had previously closed at $65.16.

Vident U.S. Equity Strategy ETF Stock Performance

The company has a market capitalization of $626.48 million, a PE ratio of 25.18 and a beta of 0.99. The stock’s fifty day simple moving average is $66.38 and its 200-day simple moving average is $65.61.

Institutional Trading of Vident U.S. Equity Strategy ETF

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings 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 valued at $7,156,000 after acquiring an additional 9,500 shares during the last quarter. Strategic Blueprint LLC grew its position in shares of 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 valued at $834,000 after purchasing an additional 1,227 shares during the period. Nova Wealth Management Inc. grew its position in shares of 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 valued at $129,000 after purchasing an additional 1,439 shares during the period. Finally, Jones Financial Companies Lllp acquired a new position in Vident U.S. Equity Strategy ETF in the first quarter valued at $46,000.

Vident U.S. Equity Strategy ETF 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.