Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Trading Down 1.1% – Should You Sell?

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) shares traded down 1.1% during mid-day trading on Monday . The company traded as low as $63.86 and last traded at $63.97. 7,744 shares were traded during trading, a decline of 48% from the average session volume of 14,801 shares. The stock had previously closed at $64.71.

Vident U.S. Equity Strategy ETF Stock Up 0.3%

The company’s fifty day moving average is $66.04 and its 200 day moving average is $63.70. The stock has a market cap of $625.83 million, a PE ratio of 25.18 and a beta of 0.99.

Hedge Funds Weigh In On Vident U.S. Equity Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VUSE. Nova Wealth Management Inc. increased its position in shares of Vident U.S. Equity Strategy ETF by 101.8% during the first quarter. Nova Wealth Management Inc. now owns 765 shares of the company’s stock worth $43,000 after acquiring an additional 386 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Vident U.S. Equity Strategy ETF during the 1st quarter valued at approximately $46,000. Strategic Blueprint LLC lifted its position in shares of Vident U.S. Equity Strategy ETF by 16.8% in the 3rd quarter. Strategic Blueprint LLC now owns 11,399 shares of the company’s stock worth $757,000 after buying an additional 1,640 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Vident U.S. Equity Strategy ETF in the 1st quarter valued at about $250,000. Finally, Goldman Sachs Group Inc. raised its stake in Vident U.S. Equity Strategy ETF by 8.1% during 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 during the period.

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.