Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Hits New 12-Month High – Time to Buy?

Vident Core U.S. Equity Fund (NYSEARCA:VUSE) shares reached a new 52-week high on Monday . The company traded as high as $61.73 and last traded at $61.73, with a volume of 991 shares changing hands. The stock had previously closed at $61.08.

Vident Core U.S. Equity Fund Price Performance

The stock has a market capitalization of $653.49 million, a P/E ratio of 17.39 and a beta of 0.94. The firm has a 50-day simple moving average of $58.33 and a 200 day simple moving average of $55.64.

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

A number of institutional investors have recently modified their holdings of the company. Ballentine Partners LLC acquired a new stake in shares of Vident Core U.S. Equity Fund during the 2nd quarter worth approximately $2,050,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Vident Core U.S. Equity Fund by 100.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 10,648 shares of the company’s stock valued at $574,000 after purchasing an additional 5,324 shares during the period. Summit Investment Advisory Services LLC bought a new position in shares of Vident Core U.S. Equity Fund during the 3rd quarter worth about $377,000. Willner & Heller LLC increased its position in Vident Core U.S. Equity Fund by 56.4% in the 3rd quarter. Willner & Heller LLC now owns 6,219 shares of the company’s stock valued at $356,000 after buying an additional 2,242 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Vident Core U.S. Equity Fund by 15.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,765 shares of the company’s stock worth $312,000 after buying 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.