Vident International Equity Strategy ETF (NYSEARCA:VIDI) Trading 1.4% Higher – Should You Buy?

Vident International Equity Strategy ETF (NYSEARCA:VIDI)’s share price shot up 1.4% during mid-day trading on Wednesday . The company traded as high as $38.21 and last traded at $38.14. 10,721 shares were traded during mid-day trading, a decline of 74% from the average session volume of 42,033 shares. The stock had previously closed at $37.63.

Vident International Equity Strategy ETF Price Performance

The firm’s 50 day moving average is $35.06 and its 200 day moving average is $33.06. The company has a market cap of $442.42 million, a PE ratio of 9.79 and a beta of 0.82.

Institutional Investors Weigh In On Vident International Equity Strategy ETF

Large investors have recently added to or reduced their stakes in the business. Strategic Blueprint LLC purchased a new position in Vident International Equity Strategy ETF during the second quarter worth about $587,000. Jones Financial Companies Lllp boosted its position in shares of Vident International Equity Strategy ETF by 27.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 21,363 shares of the company’s stock valued at $680,000 after acquiring an additional 4,636 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its holdings in shares of Vident International Equity Strategy ETF by 211.5% during the third quarter. Flow Traders U.S. LLC now owns 187,165 shares of the company’s stock worth $6,006,000 after purchasing an additional 127,084 shares in the last quarter.

Vident International Equity Strategy ETF Company Profile

The Vident International Equity Fund (VIDI) is an exchange-traded fund that is based on the Vident Core International Equity index. The fund tracks an index of companies from both developed and emerging markets, ex-US. The fund selects and weights its constituents in a tiered structure based on various risk and fundamental measures. VIDI was launched on Oct 29, 2013 and is managed by Vident.