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

Shares of Vident Core U.S. Equity Fund (NYSEARCA:VUSE) saw unusually-strong trading volume on Wednesday . Approximately 211,117 shares changed hands during mid-day trading, an increase of 1,182% from the previous session’s volume of 16,469 shares.The stock last traded at $56.63 and had previously closed at $56.65.

Vident Core U.S. Equity Fund Stock Down 4.4 %

The company has a market capitalization of $528.92 million, a PE ratio of 24.25 and a beta of 1.10. The firm’s 50 day simple moving average is $59.43 and its 200 day simple moving average is $59.31.

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

Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Vident Core U.S. Equity Fund during the 4th quarter valued at $405,000. Citadel Advisors LLC boosted its position 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 valued at $1,100,000 after buying an additional 9,072 shares during the period. Jane Street Group LLC purchased a new position in shares of Vident Core U.S. Equity Fund during the fourth quarter worth approximately $696,000. Raymond James Financial Inc. purchased a new stake in shares of Vident Core U.S. Equity Fund in the fourth quarter valued at approximately $542,000. Finally, Stewardship Advisors LLC grew 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 purchasing an additional 251 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.