Palumbo Wealth Management LLC decreased its position in Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET – Free Report) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,277 shares of the company’s stock after selling 391 shares during the period. Palumbo Wealth Management LLC’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $1,445,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in JOET. Comerica Bank bought a new stake in Virtus Terranova U.S. Quality Momentum ETF during the 1st quarter worth about $69,000. Ritholtz Wealth Management acquired a new position in shares of Virtus Terranova U.S. Quality Momentum ETF during the 2nd quarter worth approximately $240,000. Main Street Financial Solutions LLC boosted its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 7.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 31,892 shares of the company’s stock worth $1,095,000 after acquiring an additional 2,242 shares in the last quarter. Empirical Asset Management LLC boosted its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 179.3% during the 3rd quarter. Empirical Asset Management LLC now owns 64,636 shares of the company’s stock worth $2,377,000 after acquiring an additional 41,494 shares in the last quarter. Finally, Mutual Advisors LLC lifted its stake in Virtus Terranova U.S. Quality Momentum ETF by 298.2% in the 1st quarter. Mutual Advisors LLC now owns 89,289 shares of the company’s stock valued at $3,073,000 after purchasing an additional 66,864 shares during the last quarter.
Virtus Terranova U.S. Quality Momentum ETF Stock Down 1.2 %
Shares of JOET stock traded down $0.45 during trading hours on Thursday, hitting $37.01. 6,606 shares of the company’s stock traded hands, compared to its average volume of 24,614. Virtus Terranova U.S. Quality Momentum ETF has a 12 month low of $26.36 and a 12 month high of $38.09. The stock’s 50 day simple moving average is $36.50 and its 200 day simple moving average is $34.81. The stock has a market cap of $122.13 million, a PE ratio of 19.93 and a beta of 1.02.
About Virtus Terranova U.S. Quality Momentum ETF
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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