Virtus Terranova U.S. Quality Momentum ETF $JOET Shares Sold by Empirical Asset Management LLC

Empirical Asset Management LLC lessened its stake in shares of Virtus Terranova U.S. Quality Momentum ETF (NYSEARCA:JOET) by 62.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,338 shares of the company’s stock after selling 18,741 shares during the period. Empirical Asset Management LLC’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of JOET. MML Investors Services LLC acquired a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF during the 2nd quarter valued at $1,450,000. NewEdge Advisors LLC lifted its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 25.4% during the 2nd quarter. NewEdge Advisors LLC now owns 154,812 shares of the company’s stock valued at $6,332,000 after acquiring an additional 31,334 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF during the 3rd quarter valued at $842,000. Royal Bank of Canada lifted its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 123.8% during the 1st quarter. Royal Bank of Canada now owns 31,912 shares of the company’s stock valued at $1,167,000 after acquiring an additional 17,653 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF during the 3rd quarter valued at $528,000.

Virtus Terranova U.S. Quality Momentum ETF Stock Performance

Shares of NYSEARCA:JOET opened at $43.70 on Friday. Virtus Terranova U.S. Quality Momentum ETF has a one year low of $38.34 and a one year high of $43.81. The stock has a fifty day moving average of $41.82 and a 200-day moving average of $42.21. The company has a market capitalization of $240.35 million, a PE ratio of 23.27 and a beta of 1.03.

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.