Virtus Terranova U.S. Quality Momentum ETF (JOET)
Virtus Terranova U.S. Quality Momentum ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Hartford, CT, US. The stock last traded at $47.04, up 0.38% on the session, giving a market capitalisation of $253.5M. Its beta of 1.02 implies it has historically moved more than the broad market.
The ETF's primary objective is to offer investors exposure to large-capitalization U.S. companies that exhibit both robust financial fundamentals and favorable technical momentum trends. It endeavors to achieve investment outcomes that closely mirror the performance of the Terranova U.S. Quality Momentum Index, prior to accounting for fees and expenses. This index was conceptualized and developed by Joe Terranova, who holds the positions of Senior Managing Director and Chief Market Strategist for Virtus Investment Partners. Its distinct methodology is rooted in the extensive investment principles he has honed over his three-decade career on Wall Street. Indxx, LLC serves as the official index provider and calculation agent. The professionals managing the fund's portfolio are associated with Virtus Investment Advisers, LLC, which acts as the Fund's designated adviser.
Virtus Terranova U.S. Quality Momentum ETF is most often compared with the following Financial Services names: