Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Reaches New 12-Month High – Still a Buy?

Vident Core U.S. Equity Fund (NYSEARCA:VUSE) reached a new 52-week high during trading on Monday . The company traded as high as $62.47 and last traded at $62.18, with a volume of 290 shares. The stock had previously closed at $62.14.

Vident Core U.S. Equity Fund Stock Performance

The stock has a 50 day moving average of $59.34 and a 200-day moving average of $56.21. The firm has a market capitalization of $657.41 million, a P/E ratio of 17.39 and a beta of 0.94.

Institutional Investors Weigh In On Vident Core U.S. Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VUSE. Kings Path Partners LLC bought a new stake in Vident Core U.S. Equity Fund in the 3rd quarter valued at about $153,000. Oak Harvest Investment Services purchased a new position in Vident Core U.S. Equity Fund during the 2nd quarter valued at about $201,000. Willner & Heller LLC purchased a new position in Vident Core U.S. Equity Fund during the 2nd quarter valued at about $215,000. Commonwealth Equity Services LLC grew its holdings 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 purchasing an additional 755 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in shares of Vident Core U.S. Equity Fund during the third quarter worth about $320,000.

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.