Vident Core U.S. Equity Fund (NYSEARCA:VUSE) Sees Large Volume Increase – Should You Buy?

Shares of Vident Core U.S. Equity Fund (NYSEARCA:VUSE) saw unusually-strong trading volume on Thursday . Approximately 19,600 shares were traded during trading, an increase of 20% from the previous session’s volume of 16,401 shares.The stock last traded at $54.57 and had previously closed at $55.00.

Vident Core U.S. Equity Fund Trading Up 0.9 %

The stock has a 50 day simple moving average of $57.37 and a 200 day simple moving average of $59.01. The firm has a market capitalization of $539.25 million, a PE ratio of 24.12 and a beta of 1.01.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Willner & Heller LLC grew its position in shares of Vident Core U.S. Equity Fund by 48.4% in the 4th quarter. Willner & Heller LLC now owns 9,230 shares of the company’s stock worth $541,000 after buying an additional 3,011 shares during the last quarter. Stewardship Advisors LLC lifted its stake in Vident Core U.S. Equity Fund by 6.4% in the fourth quarter. Stewardship Advisors LLC now owns 4,148 shares of the company’s stock worth $243,000 after acquiring an additional 251 shares during the period. Raymond James Financial Inc. bought a new stake in Vident Core U.S. Equity Fund in the fourth quarter valued at $542,000. Jane Street Group LLC purchased a new position in Vident Core U.S. Equity Fund during the 4th quarter valued at $696,000. Finally, Citadel Advisors LLC raised its holdings in Vident Core U.S. Equity Fund by 93.7% in the 4th quarter. Citadel Advisors LLC now owns 18,753 shares of the company’s stock worth $1,100,000 after purchasing an additional 9,072 shares in the last quarter.

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.