NewEdge Advisors LLC Sells 801 Shares of Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET)

NewEdge Advisors LLC cut its position in shares of Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,320 shares of the company’s stock after selling 801 shares during the quarter. NewEdge Advisors LLC owned 1.33% of Virtus Terranova U.S. Quality Momentum ETF worth $2,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of Virtus Terranova U.S. Quality Momentum ETF by 33.8% during the 4th quarter. Wells Fargo & Company MN now owns 264,013 shares of the company’s stock worth $9,974,000 after acquiring an additional 66,651 shares in the last quarter. Apeiron RIA LLC bought a new position in Virtus Terranova U.S. Quality Momentum ETF in the fourth quarter valued at $1,280,000. Raymond James Financial Inc. acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF in the 4th quarter valued at $1,202,000. LPL Financial LLC lifted its position in Virtus Terranova U.S. Quality Momentum ETF by 19.1% during the 4th quarter. LPL Financial LLC now owns 137,723 shares of the company’s stock worth $5,203,000 after buying an additional 22,067 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Virtus Terranova U.S. Quality Momentum ETF by 32.6% during the 4th quarter. Main Street Financial Solutions LLC now owns 64,466 shares of the company’s stock worth $2,436,000 after buying an additional 15,839 shares during the last quarter.

Virtus Terranova U.S. Quality Momentum ETF Stock Performance

NASDAQ:JOET opened at $35.10 on Wednesday. Virtus Terranova U.S. Quality Momentum ETF has a 52-week low of $31.56 and a 52-week high of $41.13. The company has a market cap of $154.44 million, a P/E ratio of 20.77 and a beta of 1.02. The stock’s 50-day simple moving average is $36.69 and its 200 day simple moving average is $38.19.

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.