Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Sees Large Volume Increase – Here’s What Happened

Vident Core U.S. Equity Fund (NYSEARCA:VUSE) saw unusually-strong trading volume on Thursday . Approximately 201,938 shares traded hands during mid-day trading, an increase of 1,108% from the previous session’s volume of 16,717 shares.The stock last traded at $58.60 and had previously closed at $58.64.

Vident Core U.S. Equity Fund Trading Up 1.2 %

The business’s 50-day simple moving average is $60.17 and its 200-day simple moving average is $57.11. The company has a market capitalization of $629.00 million, a PE ratio of 17.39 and a beta of 0.94.

Institutional Trading of Vident Core U.S. Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Ballentine Partners LLC purchased a new stake in shares of Vident Core U.S. Equity Fund in the second quarter valued at approximately $2,050,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Vident Core U.S. Equity Fund by 100.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,648 shares of the company’s stock worth $574,000 after acquiring an additional 5,324 shares during the last quarter. Summit Investment Advisory Services LLC purchased a new position in shares of Vident Core U.S. Equity Fund during the 3rd quarter worth $377,000. Willner & Heller LLC boosted its position in shares of Vident Core U.S. Equity Fund by 56.4% during the 3rd quarter. Willner & Heller LLC now owns 6,219 shares of the company’s stock valued at $356,000 after acquiring an additional 2,242 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Vident Core U.S. Equity Fund by 15.1% in the second quarter. Commonwealth Equity Services LLC now owns 5,765 shares of the company’s stock valued at $312,000 after purchasing an additional 755 shares during the period.

About Vident Core U.S. Equity Fund

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.