Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Hits New 1-Year High – Here’s Why

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) reached a new 52-week high during trading on Friday . The company traded as high as $67.29 and last traded at $67.18, with a volume of 12864 shares traded. The stock had previously closed at $66.48.

Vident U.S. Equity Strategy ETF Trading Up 0.9%

The business’s fifty day moving average is $65.73 and its 200 day moving average is $62.40. The firm has a market capitalization of $657.58 million, a P/E ratio of 25.18 and a beta of 1.15.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vident Advisory LLC increased its position in shares of Vident U.S. Equity Strategy ETF by 1.4% in the first quarter. Vident Advisory LLC now owns 868,208 shares of the company’s stock worth $49,186,000 after acquiring an additional 12,025 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Vident U.S. Equity Strategy ETF by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 126,313 shares of the company’s stock worth $7,156,000 after acquiring an additional 9,500 shares in the last quarter. Willner & Heller LLC increased its position in shares of Vident U.S. Equity Strategy ETF by 35.6% in the first quarter. Willner & Heller LLC now owns 12,515 shares of the company’s stock worth $709,000 after acquiring an additional 3,285 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Vident U.S. Equity Strategy ETF in the first quarter worth approximately $677,000. Finally, Strategic Blueprint LLC increased its position in shares of Vident U.S. Equity Strategy ETF by 16.8% in the third quarter. Strategic Blueprint LLC now owns 11,399 shares of the company’s stock worth $757,000 after acquiring an additional 1,640 shares in the last quarter.

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.