Virtus Terranova U.S. Quality Momentum ETF
JOET
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Financial Plaza Hartford CT United States of America 6103
- IPO Date
- Nov 19, 2020
- CIK
- 0001648403
- Website
- virtus.com
- Similar Companies
- Business
- Virtus Terranova U.S. Quality Momentum ETF (JOET) is an exchange-traded fund that seeks investment results corresponding, before fees and expenses, to the performance of the Terranova U.S. Quality Momentum Index; the index targets an equal-weighted portfolio of U.S.-listed large-cap companies exhibiting strong quality fundamentals, such as profitability and growth, alongside positive momentum technical trends. Launched on November 17, 2020, and domiciled in the United States, the ETF is issued by Virtus Investment Partners through its affiliate Virtus ETF Advisers LLC, with portfolio management provided by Virtus Investment Advisers, LLC; it maintains approximately 127 holdings across diversified sectors, including top positions in companies like Carvana Co., Expeditors International of Washington Inc., and Cummins Inc., with an expense ratio of 0.29%. The fund operates exclusively in U.S. equity markets, serving investors seeking core equity exposure with reduced concentration risk via quarterly rebalances and equal weighting. In recent developments, Virtus Investment Partners transferred the JOET ETF listing from Nasdaq to the New York Stock Exchange in November 2023 to enhance trading efficiency and visibility. Joe Terranova, Senior Managing Director and Chief Market Strategist at Virtus who developed the underlying index, has actively promoted portfolio rebalances, including increased crypto exposure discussions in 2025 and quantitative adjustments highlighting winners like Palantir. The fund continues quarterly index rebalances to maintain its quality-momentum focus, with assets under management reaching approximately $237 million as of late 2025, reflecting steady growth amid market volatility.