Palumbo Wealth Management LLC reduced its position in Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET – Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 38,844 shares of the company’s stock after selling 433 shares during the period. Palumbo Wealth Management LLC’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $1,468,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 14.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,386 shares of the company’s stock valued at $566,000 after purchasing an additional 1,930 shares during the last quarter. Main Street Financial Solutions LLC lifted its holdings 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 purchasing an additional 16,735 shares during the last quarter. Apeiron RIA LLC purchased a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF in the 4th quarter valued at about $1,280,000. Finally, Financial Enhancement Group LLC purchased a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF in the 3rd quarter valued at about $5,485,000.
Virtus Terranova U.S. Quality Momentum ETF Stock Down 0.1 %
Shares of JOET stock opened at $40.13 on Friday. The stock has a market capitalization of $170.55 million, a PE ratio of 19.93 and a beta of 1.02. Virtus Terranova U.S. Quality Momentum ETF has a 52-week low of $31.86 and a 52-week high of $41.13. The stock’s 50-day moving average price is $39.21 and its 200 day moving average price is $37.76.
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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