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

Empirical Asset Management LLC lessened its stake in Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,481 shares of the company’s stock after selling 3,155 shares during the quarter. Empirical Asset Management LLC owned approximately 1.56% of Virtus Terranova U.S. Quality Momentum ETF worth $2,323,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Financial Enhancement Group LLC bought a new position in Virtus Terranova U.S. Quality Momentum ETF during the 3rd quarter valued at $5,485,000. Main Street Financial Solutions LLC raised its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 52.5% in the third quarter. Main Street Financial Solutions LLC now owns 48,627 shares of the company’s stock valued at $1,789,000 after purchasing an additional 16,735 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Virtus Terranova U.S. Quality Momentum ETF by 14.3% during 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.

Virtus Terranova U.S. Quality Momentum ETF Stock Performance

Shares of JOET stock opened at $39.36 on Friday. The company has a market capitalization of $155.47 million, a price-to-earnings ratio of 19.93 and a beta of 1.02. 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 50-day simple moving average of $39.27 and a two-hundred day simple moving average of $36.99.

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.