Bank of America Corp DE Grows Position in Virtus Terranova U.S. Quality Momentum ETF $JOET

Bank of America Corp DE raised its position in shares of Virtus Terranova U.S. Quality Momentum ETF (NYSEARCA:JOET) by 8.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 161,992 shares of the company’s stock after purchasing an additional 12,184 shares during the period. Bank of America Corp DE’s holdings in Virtus Terranova U.S. Quality Momentum ETF were worth $6,485,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. LPL Financial LLC boosted its holdings in Virtus Terranova U.S. Quality Momentum ETF by 88.8% in the fourth quarter. LPL Financial LLC now owns 374,208 shares of the company’s stock worth $15,717,000 after acquiring an additional 176,037 shares in the last quarter. MML Investors Services LLC purchased a new stake in Virtus Terranova U.S. Quality Momentum ETF during the 2nd quarter valued at $1,450,000. NewEdge Advisors LLC increased its holdings 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 purchasing an additional 31,334 shares in the last quarter. Cassady Wealth & Retirement Planning LLC raised its stake in shares of Virtus Terranova U.S. Quality Momentum ETF by 36.4% in the first quarter. Cassady Wealth & Retirement Planning LLC now owns 85,051 shares of the company’s stock worth $3,646,000 after purchasing an additional 22,703 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Virtus Terranova U.S. Quality Momentum ETF by 4.5% during the fourth quarter. Wells Fargo & Company MN now owns 503,045 shares of the company’s stock valued at $21,128,000 after purchasing an additional 21,442 shares in the last quarter.

Virtus Terranova U.S. Quality Momentum ETF Stock Performance

NYSEARCA JOET opened at $46.26 on Thursday. Virtus Terranova U.S. Quality Momentum ETF has a one year low of $38.80 and a one year high of $47.46. The stock has a 50-day moving average of $45.89 and a 200 day moving average of $43.71. The company has a market capitalization of $245.18 million, a price-to-earnings ratio of 23.27 and a beta of 1.02.

Virtus Terranova U.S. Quality Momentum ETF Company 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.