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

Vident Core U.S. Equity Fund (NYSEARCA:VUSE) shares saw unusually-high trading volume on Thursday . Approximately 201,938 shares changed hands during trading, an increase of 1,108% from the previous session’s volume of 16,717 shares.The stock last traded at $58.60 and had previously closed at $58.64.

Vident Core U.S. Equity Fund Price Performance

The stock has a market cap of $621.16 million, a P/E ratio of 17.39 and a beta of 0.94. The company has a fifty day moving average of $60.12 and a 200 day moving average of $57.06.

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

Several hedge funds have recently made changes to their positions in VUSE. Kings Path Partners LLC acquired a new position in shares of Vident Core U.S. Equity Fund in the third quarter worth about $153,000. Commonwealth Equity Services LLC raised its stake in Vident Core U.S. Equity Fund by 15.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,765 shares of the company’s stock valued at $312,000 after purchasing an additional 755 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of Vident Core U.S. Equity Fund during the third quarter worth approximately $320,000. Willner & Heller LLC grew its stake in Vident Core U.S. Equity Fund by 56.4% in the third quarter. Willner & Heller LLC now owns 6,219 shares of the company’s stock valued at $356,000 after purchasing an additional 2,242 shares in the last quarter. Finally, Summit Investment Advisory Services LLC purchased a new stake in shares of Vident Core U.S. Equity Fund during the 3rd quarter worth about $377,000.

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.