Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. decreased its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,372 shares of the company’s stock after selling 265 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $1,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JOET. Orion Portfolio Solutions LLC raised its holdings in Virtus Terranova U.S. Quality Momentum ETF by 14.3% during the third quarter. Orion Portfolio Solutions LLC now owns 15,386 shares of the company’s stock worth $566,000 after purchasing an additional 1,930 shares in the last quarter. Main Street Financial Solutions LLC grew its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 52.5% in the 3rd quarter. Main Street Financial Solutions LLC now owns 48,627 shares of the company’s stock valued at $1,789,000 after buying an additional 16,735 shares during the last quarter. Apeiron RIA LLC acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF during the 4th quarter worth $1,280,000. Empirical Asset Management LLC lifted its position in Virtus Terranova U.S. Quality Momentum ETF by 179.3% in the third quarter. Empirical Asset Management LLC now owns 64,636 shares of the company’s stock valued at $2,377,000 after acquiring an additional 41,494 shares during the last quarter. Finally, Financial Enhancement Group LLC acquired a new position in Virtus Terranova U.S. Quality Momentum ETF in the third quarter valued at $5,485,000.

Virtus Terranova U.S. Quality Momentum ETF Stock Performance

Virtus Terranova U.S. Quality Momentum ETF stock opened at $40.27 on Friday. The stock has a 50-day simple moving average of $39.34 and a 200-day simple moving average of $37.33. The company has a market capitalization of $167.12 million, a P/E ratio of 19.93 and a beta of 1.02. Virtus Terranova U.S. Quality Momentum ETF has a fifty-two week low of $31.05 and a fifty-two week high of $41.13.

Virtus Terranova U.S. Quality Momentum ETF 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.