Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Reaches New 52-Week High – Here’s Why

Vident Core U.S. Equity Fund (NYSEARCA:VUSE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $61.85 and last traded at $61.85, with a volume of 254 shares traded. The stock had previously closed at $61.74.

Vident Core U.S. Equity Fund Price Performance

The stock has a market cap of $654.55 million, a price-to-earnings ratio of 17.39 and a beta of 0.94. The business’s fifty day simple moving average is $58.85 and its 200 day simple moving average is $55.93.

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

A number of hedge funds have recently added to or reduced their stakes in VUSE. Kings Path Partners LLC acquired a new position in Vident Core U.S. Equity Fund in the third quarter worth $153,000. Mather Group LLC. acquired a new position in shares of Vident Core U.S. Equity Fund during the second quarter valued at $179,000. Oak Harvest Investment Services acquired a new position in shares of Vident Core U.S. Equity Fund during the second quarter valued at $201,000. Willner & Heller LLC acquired a new position in shares of Vident Core U.S. Equity Fund during the second quarter valued at $215,000. Finally, Commonwealth Equity Services LLC boosted 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 valued at $312,000 after acquiring an additional 755 shares during the period.

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.