Osaic Holdings Inc. Acquires 46,744 Shares of 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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,057 shares of the company’s stock after buying an additional 46,744 shares during the period. Osaic Holdings Inc. owned 2.08% of Virtus Terranova U.S. Quality Momentum ETF worth $4,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of JOET. NewEdge Advisors LLC raised its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 25.4% in the 2nd quarter. NewEdge Advisors LLC now owns 154,812 shares of the company’s stock worth $6,332,000 after acquiring an additional 31,334 shares in the last quarter. Raymond James Financial Inc. grew its stake in Virtus Terranova U.S. Quality Momentum ETF by 2.1% in the second quarter. Raymond James Financial Inc. now owns 118,537 shares of the company’s stock valued at $4,848,000 after purchasing an additional 2,486 shares during the last quarter. Main Street Financial Solutions LLC grew its stake in Virtus Terranova U.S. Quality Momentum ETF by 1.0% in the second quarter. Main Street Financial Solutions LLC now owns 90,884 shares of the company’s stock valued at $3,717,000 after purchasing an additional 873 shares during the last quarter. Empirical Asset Management LLC raised its holdings in Virtus Terranova U.S. Quality Momentum ETF by 1.1% in the second quarter. Empirical Asset Management LLC now owns 63,496 shares of the company’s stock worth $2,597,000 after purchasing an additional 718 shares in the last quarter. Finally, Apeiron RIA LLC lifted its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 40.6% during the first quarter. Apeiron RIA LLC now owns 47,637 shares of the company’s stock valued at $1,742,000 after buying an additional 13,762 shares during the last quarter.

Virtus Terranova U.S. Quality Momentum ETF Stock Performance

NASDAQ:JOET opened at $42.83 on Thursday. The company’s 50-day simple moving average is $42.29 and its 200-day simple moving average is $41.73. Virtus Terranova U.S. Quality Momentum ETF has a fifty-two week low of $31.56 and a fifty-two week high of $43.31. The stock has a market capitalization of $241.99 million, a P/E ratio of 23.27 and a beta of 1.06.

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.