Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Stock Price Down 0.1% – What’s Next?

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) shares fell 0.1% during mid-day trading on Tuesday. The stock traded as low as $72.37 and last traded at $72.37. 16,635 shares changed hands during trading, a decline of 3% from the average daily volume of 17,107 shares. The stock had previously closed at $72.43.

Vident U.S. Equity Strategy ETF Price Performance

The firm has a 50 day moving average of $72.84 and a 200-day moving average of $69.55. The stock has a market capitalization of $670.87 million, a P/E ratio of 25.18 and a beta of 0.95.

Vident U.S. Equity Strategy ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Thursday, September 17th were issued a dividend of $0.0452 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 17th. This is a drop from Vident U.S. Equity Strategy ETF’s previous quarterly dividend of $0.0687.

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.