Raymond James Financial Inc. Raises Stock Position in Virtus Terranova U.S. Quality Momentum ETF $JOET

Raymond James Financial Inc. grew its position in shares of Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) by 264.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,051 shares of the company’s stock after purchasing an additional 84,226 shares during the period. Raymond James Financial Inc. owned approximately 2.47% of Virtus Terranova U.S. Quality Momentum ETF worth $4,244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JOET. Cetera Investment Advisers raised its stake in Virtus Terranova U.S. Quality Momentum ETF by 6.1% in the first quarter. Cetera Investment Advisers now owns 6,603 shares of the company’s stock worth $241,000 after buying an additional 381 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 85.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,295 shares of the company’s stock valued at $413,000 after acquiring an additional 5,189 shares during the period. Ritholtz Wealth Management increased its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 23.8% in the 1st quarter. Ritholtz Wealth Management now owns 9,000 shares of the company’s stock valued at $329,000 after acquiring an additional 1,732 shares during the period. DKM Wealth Management Inc. boosted its holdings in Virtus Terranova U.S. Quality Momentum ETF by 9.9% in the first quarter. DKM Wealth Management Inc. now owns 15,742 shares of the company’s stock valued at $576,000 after purchasing an additional 1,423 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc purchased a new stake in Virtus Terranova U.S. Quality Momentum ETF in the first quarter valued at $470,000.

Virtus Terranova U.S. Quality Momentum ETF Stock Down 0.6%

JOET stock opened at $41.72 on Friday. The company’s 50-day simple moving average is $41.29 and its 200-day simple moving average is $38.92. Virtus Terranova U.S. Quality Momentum ETF has a 52-week low of $31.56 and a 52-week high of $42.23. The firm has a market cap of $212.77 million, a P/E ratio of 23.27 and a beta of 1.02.

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.