Orion Portfolio Solutions LLC Has $680,000 Position in Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET)

Orion Portfolio Solutions LLC grew its position in shares of Virtus Terranova U.S. Quality Momentum ETF (NASDAQ:JOET) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,992 shares of the company’s stock after purchasing an additional 2,606 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JOET. Atria Wealth Solutions Inc. acquired a new stake in Virtus Terranova U.S. Quality Momentum ETF during the 4th quarter worth approximately $202,000. Raymond James Financial Inc. acquired a new position in shares of Virtus Terranova U.S. Quality Momentum ETF during the fourth quarter worth $1,202,000. Apeiron RIA LLC bought a new stake in shares of Virtus Terranova U.S. Quality Momentum ETF in the fourth quarter worth $1,280,000. Finally, LPL Financial LLC increased its holdings in Virtus Terranova U.S. Quality Momentum ETF by 19.1% in the fourth quarter. LPL Financial LLC now owns 137,723 shares of the company’s stock valued at $5,203,000 after purchasing an additional 22,067 shares during the period.

Virtus Terranova U.S. Quality Momentum ETF Stock Down 6.3 %

Shares of NASDAQ:JOET opened at $33.17 on Monday. The firm has a market cap of $149.27 million, a P/E ratio of 21.40 and a beta of 1.02. Virtus Terranova U.S. Quality Momentum ETF has a 12-month low of $31.86 and a 12-month high of $41.13. The business has a fifty day simple moving average of $38.20 and a 200 day simple moving average of $38.42.

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.