JOET Stock Summary and Trading Ideas (Virtus ETF Trust II Virtus Terranova U.S. Quality Momentum ETF | NASDAQ:JOET)

The Fund strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends. The Fund seeks investment results that correspond, before fees and expenses, to the performance of the Terranova U.S. Quality Momentum Index. It provide exposure to the best performing U.S. large-cap companies with the highest quality fundamental characteristics, resulting in a distinct portfolio built for long-term growth. It systematically seeks to identify and capture the returns of high-conviction investment opportunities characterized by fundamental (quality) and technical (momentum) attributes.

Virtus ETF Trust II Virtus Terranova U.S. Quality Momentum ETF trades on the NASDAQ stock market under the symbol JOET.

As of March 4, 2025, JOET stock price declined to $37.54 with 63,565 million shares trading.

JOET has a beta of 1.13, meaning it tends to be more sensitive to market movements. JOET has a correlation of 0.81 to the broad based SPY ETF.

JOET has a market cap of $165.18 million. This is considered a Micro Cap stock.

In the last 3 years, JOET traded as high as $41.13 and as low as $24.20.

JOET has underperformed the market in the last year with a price return of +12.1% while the SPY ETF gained +13.9%. JOET has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.9% and -6.5%, respectively, while the SPY returned -4.2% and -5.4%, respectively.

JOET support price is $37.71 and resistance is $38.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JOET shares will trade within this expected range on the day.