Empirical Asset Management LLC Sells 3,155 Shares of Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET)

Empirical Asset Management LLC lessened its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,481 shares of the company’s stock after selling 3,155 shares during the quarter. Empirical Asset Management LLC’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $2,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Orion Portfolio Solutions LLC raised its stake in 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 in the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 52.5% in the 3rd quarter. Main Street Financial Solutions LLC now owns 48,627 shares of the company’s stock worth $1,789,000 after buying an additional 16,735 shares during the last quarter. Finally, Financial Enhancement Group LLC purchased a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF during the 3rd quarter valued at $5,485,000.

Virtus Terranova U.S. Quality Momentum ETF Stock Performance

NASDAQ JOET opened at $39.36 on Friday. Virtus Terranova U.S. Quality Momentum ETF has a 52-week low of $30.19 and a 52-week high of $41.13. The company has a fifty day moving average of $39.27 and a 200-day moving average of $36.99. The company has a market capitalization of $155.47 million, a P/E ratio of 19.93 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.