Virtus Terranova U.S. Quality Momentum ETF $JOET Stock Position Raised by Cassady Wealth & Retirement Planning LLC

Cassady Wealth & Retirement Planning LLC grew its position in shares of Virtus Terranova U.S. Quality Momentum ETF (NYSEARCA:JOET) by 36.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,051 shares of the company’s stock after buying an additional 22,703 shares during the quarter. Virtus Terranova U.S. Quality Momentum ETF makes up about 1.8% of Cassady Wealth & Retirement Planning LLC’s investment portfolio, making the stock its 14th largest holding. Cassady Wealth & Retirement Planning LLC’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $3,646,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF in the third quarter valued at approximately $32,000. Rockefeller Capital Management L.P. raised its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 119.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 920 shares of the company’s stock valued at $39,000 after purchasing an additional 500 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF in the 4th quarter valued at $203,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF in the 4th quarter valued at $220,000. Finally, Fifth Third Bancorp bought a new stake in Virtus Terranova U.S. Quality Momentum ETF in the first quarter worth $234,000.

Virtus Terranova U.S. Quality Momentum ETF Price Performance

NYSEARCA JOET opened at $44.91 on Thursday. Virtus Terranova U.S. Quality Momentum ETF has a fifty-two week low of $38.80 and a fifty-two week high of $46.31. The stock’s 50-day moving average is $45.13 and its two-hundred day moving average is $43.19. The firm has a market cap of $238.02 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.