Wealth Management Partners LLC boosted its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF (NYSEARCA:JOET – Free Report) by 28.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 53,201 shares of the company’s stock after acquiring an additional 11,710 shares during the quarter. Wealth Management Partners LLC’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $2,130,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in JOET. LPL Financial LLC increased its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 88.8% during the 4th quarter. LPL Financial LLC now owns 374,208 shares of the company’s stock worth $15,717,000 after acquiring an additional 176,037 shares during the last quarter. MML Investors Services LLC bought a new position in Virtus Terranova U.S. Quality Momentum ETF during the second quarter worth $1,450,000. NewEdge Advisors LLC increased its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 25.4% in the second quarter. NewEdge Advisors LLC now owns 154,812 shares of the company’s stock valued at $6,332,000 after purchasing an additional 31,334 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 4.5% in the fourth quarter. Wells Fargo & Company MN now owns 503,045 shares of the company’s stock valued at $21,128,000 after purchasing an additional 21,442 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Virtus Terranova U.S. Quality Momentum ETF in the third quarter valued at about $842,000.
Virtus Terranova U.S. Quality Momentum ETF Stock Performance
NYSEARCA JOET opened at $45.04 on Wednesday. The firm has a 50-day moving average of $43.78 and a 200-day moving average of $42.66. The stock has a market cap of $247.72 million, a PE ratio of 23.27 and a beta of 1.03. Virtus Terranova U.S. Quality Momentum ETF has a 52-week low of $38.80 and a 52-week high of $45.92.
Virtus Terranova U.S. Quality Momentum ETF Company Profile
The Virtus Terranova US Quality Momentum ETF (JOET) is an exchange-traded fund that is based on the Terranova U.S. Quality Momentum index. The fund tracks an equal-weighted index of large-cap stocks in the US displaying quality fundamental and technical attributes. JOET was launched on Nov 17, 2020 and is issued by Virtus Investment Partners.
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