Virtus Terranova US Quality Momentum ETF (JOET)
| Assets | $198.86M |
| Expense Ratio | 0.29% |
| PE Ratio | 23.27 |
| Shares Out | 4.85M |
| Dividend (ttm) | $0.27 |
| Dividend Yield | 0.65% |
| Ex-Dividend Date | Dec 20, 2024 |
| Payout Frequency | Annual |
| Payout Ratio | 15.25% |
| Volume | 60,096 |
| Open | 40.66 |
| Previous Close | 40.74 |
| Day's Range | 40.66 - 41.06 |
| 52-Week Low | 31.56 |
| 52-Week High | 41.31 |
| Beta | 1.07 |
| Holdings | 127 |
| Inception Date | Nov 17, 2020 |
About JOET
Fund Home PageThe 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.
Top 10 Holdings
10.35% of assets| Name | Symbol | Weight |
|---|---|---|
| Oracle Corporation | ORCL | 1.20% |
| Royal Caribbean Cruises Ltd. | RCL | 1.13% |
| Vistra Corp. | VST | 1.09% |
| NVIDIA Corporation | NVDA | 1.04% |
| Broadcom Inc. | AVGO | 1.01% |
| Constellation Energy Corporation | CEG | 0.99% |
| Interactive Brokers Group, Inc. | IBKR | 0.98% |
| Synchrony Financial | SYF | 0.97% |
| Northern Trust Corporation | NTRS | 0.97% |
| Arista Networks Inc | ANET | 0.96% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.26695 | Dec 27, 2024 |
| Dec 20, 2023 | $0.40546 | Dec 29, 2023 |
| Dec 20, 2022 | $0.33389 | Dec 29, 2022 |
| Dec 20, 2021 | $0.13999 | Dec 29, 2021 |
| Dec 21, 2020 | $0.02096 | Dec 30, 2020 |
Performance
JOET had a total return of 17.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.16%.
News
JOET: Relative Underperformance And Elevated Volatility Raise Doubts About The Fund's Strategy
The Virtus Terranova US Quality Momentum ETF (JOET) combines quality and momentum strategies, but its mid-cap bias leads to below-average profitability and higher volatility. JOET's allocation skews t...
Trade Tracker: Joe Terranova shares his ETF rebalance strategy and Bryn Talkington buys the ETHA
Joe Terranova, Senior Managing Director for Virtus Investment Partners, and Bryn Talkington, Managing Partner of Requisite Capital Management, joins CNBC's "Halftime Report" to detail their latest por...
JOET: Inspecting CNBC Star Joe Terranova's Momentum ETF
I have a hold rating on JOET due to its sound strategy, low cost, and solid chart, yet it has underperformed other momentum funds. JOET focuses on U.S.-listed large-cap companies with strong quality f...
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, ...
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. T...
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 fe...
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 trend...
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.
JOET: Well-Diversified ETF Combining Quality, Momentum, And Unexpected Value
Virtus Terranova U.S. Quality Momentum ETF holds 125 large and mid-caps screened on quality and momentum. It is well-diversified across sectors and holdings.
JOET: Preventing Momentum Crash Risk With Quality Overlay
Virtus Terranova U.S. Quality Momentum ETF's quality overlay significantly reduces momentum crash risk. Excess returns are no fluke, as this exchange-traded fund hosts a cutting-edge strategy.
JOET: Mixing Quality And Momentum
JOET picks large-cap companies with a ranking system based on trend, profitability, and growth. It follows an equal-weight methodology.
JOET: Flawed Screens Doom This Quality Momentum ETF
JOET introduces the concept of quality momentum, seeking to combine fundamental and technical analysis with a straightforward rules-based strategy. Fees are 0.29% annually and JOET has $83 million in ...
JOET: This Promising Strategy Has Yet To Prove Itself
JOET has an original strategy mixing 3 time-proven concepts: quality, momentum and equal weight.
JOET: Play Momentum With Quality In Mind
JOET attempted to bridge the size, momentum, and quality factors in an effort to eliminate the permanent threat hanging over minimalist strategies chasing top performers.
JOET Is High On Momentum But Low On Risk
JOET is an ETF that combines momentum and quality in large-cap stocks. Quality factors help reduce momentum crashes.
Virtus Terranova U.S. Quality Momentum ETF: Too Much Concentration Risk For Serious Consideration Today
The Virtus Terranova U.S. Quality Momentum ETF was launched three months ago and follows a transparent strategy that screens stocks for momentum, then grades them based on three quality factors. I tes...
Momentum And Quality: CNBC Star Joe Terranova Is Force Behind New JOET ETF
Virtus Managing Director and Chief Investment Strategist Joe Terranova, a name familiar to a slew of investors due to his appearances on CNBC programs including “Fast Money” and “The Halftime Report,”...
Virtus' Terranova on his new ETF that begins trading today
CNBC's Scott Wapner talks with Joe Terranova about his new index and exchange-traded fund, Virtus Terranova U.S. Quality. The ticker is JOET.
Virtus ETFs Launches Core Equity Exchange Traded Fund Driven by the Investment Principles of Joe Terranova
Virtus Terranova U.S. Quality Momentum ETF begins trading under the ticker 'JOET'