Osaic Holdings Inc. Raises Stock Position in Virtus Terranova U.S. Quality Momentum ETF $JOET

Osaic Holdings Inc. boosted its stake in shares of Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) by 78.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 106,057 shares of the company’s stock after acquiring an additional 46,744 shares during the period. Osaic Holdings Inc.’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $4,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. increased its stake in shares of Virtus Terranova U.S. Quality Momentum ETF by 264.7% during the first quarter. Raymond James Financial Inc. now owns 116,051 shares of the company’s stock worth $4,244,000 after purchasing an additional 84,226 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Virtus Terranova U.S. Quality Momentum ETF by 119.2% in the 1st quarter. NewEdge Advisors LLC now owns 123,478 shares of the company’s stock valued at $4,516,000 after buying an additional 67,158 shares in the last quarter. MML Investors Services LLC acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF in the 2nd quarter worth about $1,450,000. Wealth Management Partners LLC purchased a new stake in Virtus Terranova U.S. Quality Momentum ETF during the 2nd quarter worth approximately $1,149,000. Finally, Bleakley Financial Group LLC purchased a new stake in Virtus Terranova U.S. Quality Momentum ETF during the 2nd quarter worth approximately $921,000.

Virtus Terranova U.S. Quality Momentum ETF Price Performance

Shares of Virtus Terranova U.S. Quality Momentum ETF stock opened at $42.83 on Thursday. The stock has a market capitalization of $241.99 million, a P/E ratio of 23.27 and a beta of 1.06. The business has a 50 day simple moving average of $42.29 and a two-hundred day simple moving average of $41.73. Virtus Terranova U.S. Quality Momentum ETF has a 12 month low of $31.56 and a 12 month high of $43.31.

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.