Virtus Terranova US Quality Momentum ETF
JOET
24 hedge funds and large institutions have $23M invested in Virtus Terranova US Quality Momentum ETF in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 5 closing their positions.
4.64% less ownership
Funds ownership: 30.02% → 25.38% (-4.6%)
8% less funds holding
Funds holding: 26 → 24 (-2)
25% less capital invested
Capital invested by funds: $30.7M → $23M (-$7.67M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.18M |
| 2 |
Jane Street
New York
|
+$1.21M |
| 3 |
PWM
Palumbo Wealth Management
Great Neck,
New York
|
+$681K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$503K |
| 5 |
Morgan Stanley
New York
|
+$356K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIMP
Zimmermann Investment Management & Planning
New Cumberland,
Pennsylvania
|
-$8.37M |
| 2 |
FEG
Financial Enhancement Group
Anderson,
Indiana
|
-$2.08M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$586K |
| 4 |
LPL Financial
San Diego,
California
|
-$439K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$217K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FEG
26
Financial Enhancement Group
Anderson,
Indiana
| – | -$2.08M | -71,573 | Closed |
|
|
CAN
27
Cetera Advisor Networks
El Segundo,
California
| – | -$217K | -7,528 | Closed |
|
|
CG
28
Cutler Group
San Francisco,
California
| – | -$28K | -1,000 | Closed |
|
|
SWM
29
Spire Wealth Management
Mclean,
Virginia
| – | -$5.04K | -175 | Closed |
|
30
BlackRock
New York
| – | -$23 | -1 | Closed |
|
JOET Hedge Fund Activity: Q3 2023 in Review
24 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Virtus Terranova US Quality Momentum ETF (JOET) for Q3 2023, worth a combined $23M — down 25% from $30.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of JOET and 3 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 6 added.
The largest buyer was Wells Fargo, adding an estimated $2.18M. The largest seller was Zimmermann Investment Management & Planning, cutting an estimated $8.37M.
- 24 institutional investors held Virtus Terranova US Quality Momentum ETF (JOET) as of Q3 2023, down from 26 in Q2 2023.
- Funds reported $23M of Virtus Terranova US Quality Momentum ETF stock for Q3 2023, down 25% quarter-over-quarter.
- 3 funds opened new Virtus Terranova US Quality Momentum ETF positions in Q3 2023 and 5 closed out, a net change of -2 holders.
- The largest Virtus Terranova US Quality Momentum ETF buyer in Q3 2023 was Wells Fargo, an estimated $2.18M added.
- The largest Virtus Terranova US Quality Momentum ETF seller in Q3 2023 was Zimmermann Investment Management & Planning, an estimated $8.37M sold.
Based on aggregated 13F filings for Q3 2023.