Virtus Terranova U.S. Quality Momentum ETF $JOET Holdings Decreased by Royal Bank of Canada

Royal Bank of Canada reduced its position in shares of Virtus Terranova U.S. Quality Momentum ETF (NYSEARCA:JOET) by 40.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,315 shares of the company’s stock after selling 14,642 shares during the period. Royal Bank of Canada owned about 0.39% of Virtus Terranova U.S. Quality Momentum ETF worth $853,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of Virtus Terranova U.S. Quality Momentum ETF in the 3rd quarter worth about $32,000. Rockefeller Capital Management L.P. grew its position 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 buying an additional 500 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF during the fourth quarter worth about $203,000. O Shaughnessy Asset Management LLC acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF during the fourth quarter worth about $220,000. Finally, Fifth Third Bancorp acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF during the first quarter worth about $234,000.

Virtus Terranova U.S. Quality Momentum ETF Stock Up 0.3%

Shares of NYSEARCA JOET opened at $46.28 on Friday. The firm’s 50-day moving average price is $45.85 and its two-hundred day moving average price is $43.62. Virtus Terranova U.S. Quality Momentum ETF has a 52-week low of $38.80 and a 52-week high of $47.46. The stock has a market capitalization of $245.28 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.