Virtus Terranova U.S. Quality Momentum ETF $JOET Position Cut by Royal Bank of Canada

Royal Bank of Canada decreased its position in shares of Virtus Terranova U.S. Quality Momentum ETF (NYSEARCA:JOET) by 40.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 21,315 shares of the company’s stock after selling 14,642 shares during the quarter. Royal Bank of Canada’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $853,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of JOET. Bleakley Financial Group LLC increased its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 7.2% in the 1st quarter. Bleakley Financial Group LLC now owns 27,733 shares of the company’s stock worth $1,110,000 after acquiring an additional 1,866 shares during the period. Fifth Third Bancorp bought a new stake in Virtus Terranova U.S. Quality Momentum ETF in the 1st quarter valued at about $234,000. Kestra Private Wealth Services LLC boosted its stake in Virtus Terranova U.S. Quality Momentum ETF by 75.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,848 shares of the company’s stock valued at $394,000 after purchasing an additional 4,224 shares during the period. Wealth Management Partners LLC boosted its stake in Virtus Terranova U.S. Quality Momentum ETF by 28.2% during the 1st quarter. Wealth Management Partners LLC now owns 53,201 shares of the company’s stock valued at $2,130,000 after purchasing an additional 11,710 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in Virtus Terranova U.S. Quality Momentum ETF by 119.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock worth $39,000 after purchasing an additional 500 shares during the last quarter.

Virtus Terranova U.S. Quality Momentum ETF Trading Up 0.3%

NYSEARCA JOET opened at $46.28 on Friday. The company has a 50-day moving average price of $45.85 and a two-hundred day moving average price of $43.62. Virtus Terranova U.S. Quality Momentum ETF has a 52 week low of $38.80 and a 52 week high of $47.46. The stock has a market cap of $245.28 million, a price-to-earnings ratio of 23.27 and a beta of 1.02.

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.