31,825 Shares in Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 31,825 shares of the company’s stock, valued at approximately $1,202,000. Raymond James Financial Inc. owned about 0.77% of Virtus Terranova U.S. Quality Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF in the fourth quarter valued at about $202,000. Apeiron RIA LLC acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF during the fourth quarter worth approximately $1,280,000. Finally, Orion Portfolio Solutions LLC grew its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 14.3% in the third 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 period.

Virtus Terranova U.S. Quality Momentum ETF Price Performance

JOET opened at $37.23 on Thursday. Virtus Terranova U.S. Quality Momentum ETF has a 12 month low of $31.86 and a 12 month high of $41.13. The business has a 50-day moving average of $38.44 and a two-hundred day moving average of $38.42. The stock has a market capitalization of $167.54 million, a price-to-earnings ratio of 21.40 and a beta of 1.02.

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.