Wealth Management Partners LLC Has $2.13 Million Stock Holdings in Virtus Terranova U.S. Quality Momentum ETF $JOET

Wealth Management Partners LLC grew its position in shares of Virtus Terranova U.S. Quality Momentum ETF (NYSEARCA:JOET) by 28.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,201 shares of the company’s stock after acquiring an additional 11,710 shares during the quarter. Wealth Management Partners LLC owned 0.96% of Virtus Terranova U.S. Quality Momentum ETF worth $2,130,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JOET. Royal Bank of Canada grew its position in Virtus Terranova U.S. Quality Momentum ETF by 123.8% in the first quarter. Royal Bank of Canada now owns 31,912 shares of the company’s stock valued at $1,167,000 after purchasing an additional 17,653 shares in the last quarter. NewEdge Advisors LLC lifted its position in 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 worth $6,332,000 after buying an additional 31,334 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Virtus Terranova U.S. Quality Momentum ETF by 2.1% during the 2nd quarter. Raymond James Financial Inc. now owns 118,537 shares of the company’s stock worth $4,848,000 after buying an additional 2,486 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Virtus Terranova U.S. Quality Momentum ETF during the 2nd quarter worth about $362,000. Finally, MML Investors Services LLC bought a new position in shares of Virtus Terranova U.S. Quality Momentum ETF in the 2nd quarter valued at about $1,450,000.

Virtus Terranova U.S. Quality Momentum ETF Stock Performance

NYSEARCA:JOET opened at $45.04 on Wednesday. The stock’s 50-day simple moving average is $43.78 and its 200 day simple moving average is $42.66. The company has a market cap of $247.72 million, a P/E 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 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.