DKM Wealth Management Inc. Buys Shares of 14,319 Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET)

DKM Wealth Management Inc. purchased a new stake in Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 14,319 shares of the company’s stock, valued at approximately $541,000. Virtus Terranova U.S. Quality Momentum ETF accounts for about 0.5% of DKM Wealth Management Inc.’s holdings, making the stock its 25th largest position.

A number of other hedge funds have also modified their holdings of the business. Atria Wealth Solutions Inc. purchased a new stake in Virtus Terranova U.S. Quality Momentum ETF in the fourth quarter valued at approximately $202,000. Orion Portfolio Solutions LLC grew its stake in shares of Virtus Terranova U.S. Quality Momentum ETF by 14.3% in the third quarter. Orion Portfolio Solutions LLC now owns 15,386 shares of the company’s stock valued at $566,000 after buying an additional 1,930 shares in the last quarter. Apeiron RIA LLC purchased a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF in the 4th quarter valued at $1,280,000. LPL Financial LLC lifted its stake 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 acquiring an additional 22,067 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Virtus Terranova U.S. Quality Momentum ETF during the 4th quarter valued at about $1,202,000.

Virtus Terranova U.S. Quality Momentum ETF Price Performance

NASDAQ JOET opened at $36.79 on Wednesday. The company has a market cap of $165.56 million, a P/E ratio of 21.40 and a beta of 1.02. The stock has a 50-day moving average of $38.49 and a two-hundred day moving average of $38.43. Virtus Terranova U.S. Quality Momentum ETF has a 1-year low of $31.86 and a 1-year high of $41.13.

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.