Virtus Terranova US Quality Momentum ETFJOET
JOET
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
20% more capital invested
Capital invested by funds: $36.8M [Q2] → $44M (+$7.25M) [Q3]
4.59% more ownership
Funds ownership: 33.49% [Q2] → 38.09% (+4.59%) [Q3]
3% less funds holding
Funds holding: 32 [Q2] → 31 (-1) [Q3]
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Research analyst outlook
We haven’t received any recent analyst ratings for JOET.
Financial journalist opinion
Positive
Seeking Alpha
1 month ago
JOET: Recent Performance Surprise Does Not Change Long-Term View
Virtus Terranova U.S. Quality Momentum ETF is a passively managed ETF focused on promising stocks at the intersection of quality and momentum. JOET has outperformed the S&P 500 since my June article, yet longer-term returns remain disappointing, weighing on my sentiment. With about 41% of the portfolio replaced, the Fund remains a high-quality vehicle.
Positive
Seeking Alpha
4 months ago
JOET: A Quality ETF Struggling In The Current Market Environment
Quality-based portfolios are still attractive amid an economic slowdown, with Virtus Terranova U.S. Quality Momentum ETF offering exposure to high-quality companies with strong relative performance. The JOET fund struggles to keep up with the S&P 500 and other quality ETFs due to its equal-weighted allocation and its underweighting of profitable mega caps, but may benefit from a market sentiment shift favoring mid-cap companies. JOET's sector allocation shows an overweighting of financial services and industrials, and an underweighting in communication services, healthcare, technology, and consumer staples compared to S&P 500 and quality ETF peers.
Positive
Seeking Alpha
6 months ago
JOET: Top-Quality Portfolio With Performance Weaknesses
JOET is an index-based ETF that amalgamates two potent factors, namely momentum and quality, targeting mega- and large-caps. Despite looking promising, JOET has underperformed the S&P 500 ETF and a few quality ETFs since its inception in November 2020. Downside and upside capture were also unsatisfying. At the same time, its portfolio has excellent quality that comes with solid growth and momentum exposure.
Positive
Seeking Alpha
9 months ago
JOET: Quality, Equal Weight, And Worth A Look
The Virtus Terranova U.S. Quality Momentum ETF seeks to track the Terranova U.S. Quality Momentum Index, focusing on large-cap US companies with strong quality fundamentals and positive momentum trends. The ETF is well-diversified across various sectors, with a heavy mid-cap allocation, providing a tilt towards smaller companies without the risk of small-cap stocks. The ETF's strategy is technical and retrospective, potentially overlooking qualitative risk factors, but it offers attractive risk-adjusted returns and a solid risk management approach.
Neutral
CNBC Television
10 months ago
Inside the JOET Rebalance
Joe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's 'Halftime Report' to discuss his JOET ETF portfolio rebalance.
Positive
ETF Trends
1 year ago
Virtus Transfers JOET ETF to NYSE
Virtus Investment Partners has transferred the Virtus Terranova U.S. Quality Momentum ETF (NYSE Arca: JOET) from the Nasdaq to the New York Stock Exchange. JOET strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends.
Charts implemented using Lightweight Charts™