Applied Finance Valuation Large Cap ETF (NYSEARCA:VSLU) Sets New 1-Year High – Here’s Why

Applied Finance Valuation Large Cap ETF (NYSEARCA:VSLU) shares hit a new 52-week high on Thursday . The stock traded as high as $49.30 and last traded at $49.30, with a volume of 12271 shares trading hands. The stock had previously closed at $48.82.

Applied Finance Valuation Large Cap ETF Price Performance

The stock has a market capitalization of $569.41 million, a price-to-earnings ratio of 25.26 and a beta of 0.94. The stock’s 50 day simple moving average is $47.51 and its 200-day simple moving average is $45.61.

Hedge Funds Weigh In On Applied Finance Valuation Large Cap ETF

Several hedge funds have recently bought and sold shares of VSLU. Crestwood Advisors Group LLC raised its holdings in Applied Finance Valuation Large Cap ETF by 39.1% in the 4th quarter. Crestwood Advisors Group LLC now owns 1,999,806 shares of the company’s stock worth $88,511,000 after acquiring an additional 562,435 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Applied Finance Valuation Large Cap ETF by 58.3% in the first quarter. EverSource Wealth Advisors LLC now owns 500,722 shares of the company’s stock worth $20,935,000 after purchasing an additional 184,476 shares during the period. Acima Private Wealth LLC increased its stake in shares of Applied Finance Valuation Large Cap ETF by 12.5% in the second quarter. Acima Private Wealth LLC now owns 312,859 shares of the company’s stock worth $14,469,000 after purchasing an additional 34,657 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Applied Finance Valuation Large Cap ETF by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 172,237 shares of the company’s stock worth $7,353,000 after purchasing an additional 12,342 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Applied Finance Valuation Large Cap ETF by 3.1% during the 4th quarter. Advisory Services Network LLC now owns 80,813 shares of the company’s stock valued at $3,577,000 after purchasing an additional 2,404 shares during the period.

About Applied Finance Valuation Large Cap ETF

The Applied Finance Valuation Large Cap US ETF (VSLU) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund the selects at least 200 stocks globally based on a proprietary valuation driven investment process. VSLU was launched on Apr 29, 2021 and is managed by Applied Finance.