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

Institute for Wealth Management LLC. lowered its stake in Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 40,372 shares of the company’s stock after selling 265 shares during the quarter. Institute for Wealth Management LLC. owned 0.95% of Virtus Terranova U.S. Quality Momentum ETF worth $1,525,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC increased its position in shares of 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 holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 52.5% during the third quarter. Main Street Financial Solutions LLC now owns 48,627 shares of the company’s stock worth $1,789,000 after buying an additional 16,735 shares in the last quarter. Apeiron RIA LLC acquired a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF in the fourth quarter valued at about $1,280,000. Empirical Asset Management LLC lifted its stake in shares of 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 worth $2,377,000 after buying an additional 41,494 shares in the last quarter. Finally, Financial Enhancement Group LLC acquired a new position in Virtus Terranova U.S. Quality Momentum ETF during the third quarter worth about $5,485,000.

Virtus Terranova U.S. Quality Momentum ETF Trading Up 1.2 %

Shares of NASDAQ JOET opened at $40.27 on Friday. The stock has a market cap of $167.12 million, a PE ratio of 19.93 and a beta of 1.02. Virtus Terranova U.S. Quality Momentum ETF has a 12-month low of $31.05 and a 12-month high of $41.13. The company has a 50-day moving average of $39.34 and a 200 day moving average of $37.33.

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.