Raymond James Financial Inc. Makes New Investment in Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET)

Raymond James Financial Inc. acquired a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 31,825 shares of the company’s stock, valued at approximately $1,202,000. Raymond James Financial Inc. owned about 0.75% of Virtus Terranova U.S. Quality Momentum ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of JOET. Atria Wealth Solutions Inc. acquired a new position in Virtus Terranova U.S. Quality Momentum ETF in the fourth quarter valued at approximately $202,000. DKM Wealth Management Inc. acquired a new position in shares of Virtus Terranova U.S. Quality Momentum ETF in the 4th quarter valued at $541,000. Orion Portfolio Solutions LLC boosted its holdings in Virtus Terranova U.S. Quality Momentum ETF by 16.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 17,992 shares of the company’s stock worth $680,000 after buying an additional 2,606 shares in the last quarter. Apeiron RIA LLC acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF during the fourth quarter valued at $1,280,000. Finally, LPL Financial LLC increased its holdings in Virtus Terranova U.S. Quality Momentum ETF by 19.1% in the fourth quarter. LPL Financial LLC now owns 137,723 shares of the company’s stock valued at $5,203,000 after buying an additional 22,067 shares in the last quarter.

Virtus Terranova U.S. Quality Momentum ETF Stock Up 1.9 %

JOET stock opened at $37.75 on Friday. Virtus Terranova U.S. Quality Momentum ETF has a 52-week low of $31.56 and a 52-week high of $41.13. The firm has a market cap of $190.64 million, a P/E ratio of 21.64 and a beta of 1.07. The company’s 50-day simple moving average is $36.24 and its 200-day simple moving average is $38.15.

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.