Virtus Terranova US Quality Momentum ETF
JOET
26 hedge funds and large institutions have $30.7M invested in Virtus Terranova US Quality Momentum ETF in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 7 closing their positions.
0.83% less ownership
Funds ownership: 30.85% → 30.02% (-0.83%)
9% less capital invested
Capital invested by funds: $33.8M → $30.7M (-$3.16M)
10% less funds holding
Funds holding: 29 → 26 (-3)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$4.19M |
| 2 |
ZIMP
Zimmermann Investment Management & Planning
New Cumberland,
Pennsylvania
|
+$1.48M |
| 3 |
MA
Mutual Advisors
Omaha,
Nebraska
|
+$735K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$217K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$2.38M |
| 2 |
FEG
Financial Enhancement Group
Anderson,
Indiana
|
-$2.14M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$982K |
| 4 |
LPL Financial
San Diego,
California
|
-$582K |
| 5 |
DC
Davenport & Co
Richmond,
Virginia
|
-$206K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HNB
26
Huntington National Bank
Columbus,
Ohio
| $29 | – | – | – |
|
27
BlackRock
New York
| $23 | +$28 | +1 | New |
|
|
28
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$2.38M | -86,603 | Closed |
|
|
DC
29
Davenport & Co
Richmond,
Virginia
| – | -$206K | -7,500 | Closed |
|
|
ASN
30
Advisory Services Network
Atlanta,
Georgia
| – | -$28.2K | -1,025 | Closed |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$16.5K | -600 | Closed |
|
|
BAM
32
Belpointe Asset Management
Reno,
Nevada
| – | -$15K | -546 | Closed |
|
|
FDCDDQ
33
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$138 | -5 | Closed |
|
34
Fidelity Investments
Boston,
Massachusetts
| – | -$83 | -3 | Closed |
|
JOET Hedge Fund Activity: Q2 2023 in Review
26 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Virtus Terranova US Quality Momentum ETF (JOET) for Q2 2023, worth a combined $30.7M — down 9.3% from $33.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of JOET and 5 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 8 added.
The largest buyer was NewEdge Advisors, opening a new position worth an estimated $4.19M. The largest seller was Cambridge Investment Research Advisors, exiting entirely with an estimated $2.38M sold.
- 26 institutional investors held Virtus Terranova US Quality Momentum ETF (JOET) as of Q2 2023, down from 29 in Q1 2023.
- Funds reported $30.7M of Virtus Terranova US Quality Momentum ETF stock for Q2 2023, down 9.3% quarter-over-quarter.
- 5 funds opened new Virtus Terranova US Quality Momentum ETF positions in Q2 2023 and 7 closed out, a net change of -2 holders.
- The largest Virtus Terranova US Quality Momentum ETF buyer in Q2 2023 was NewEdge Advisors, an estimated $4.19M added.
- The largest Virtus Terranova US Quality Momentum ETF seller in Q2 2023 was Cambridge Investment Research Advisors, an estimated $2.38M sold.
Based on aggregated 13F filings for Q2 2023.