U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 12-Month High – Here’s Why

U.S. Global Jets ETF (NYSEARCA:JETSGet Free Report) shares reached a new 52-week high on Monday . The company traded as high as $31.36 and last traded at $31.28, with a volume of 1504938 shares traded. The stock had previously closed at $31.00.

U.S. Global Jets ETF Stock Up 0.6%

The stock has a market cap of $906.36 million, a P/E ratio of 9.62 and a beta of 1.19. The company’s 50 day moving average price is $27.38 and its 200-day moving average price is $27.57.

Institutional Investors Weigh In On U.S. Global Jets ETF

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in shares of U.S. Global Jets ETF by 18.8% in the first quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares during the period. Ares Financial Consulting LLC acquired a new position in shares of U.S. Global Jets ETF in the 4th quarter worth approximately $49,000. Private Trust Co. NA boosted its stake in shares of U.S. Global Jets ETF by 48.1% in the 4th quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock valued at $208,000 after purchasing an additional 2,403 shares during the last quarter. RPg Family Wealth Advisory LLC increased its position in shares of U.S. Global Jets ETF by 9.6% during the third quarter. RPg Family Wealth Advisory LLC now owns 30,999 shares of the company’s stock worth $764,000 after buying an additional 2,711 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new position in U.S. Global Jets ETF during the fourth quarter worth $85,000.

U.S. Global Jets ETF Company Profile

(Get Free Report)

The U.S. Global Jets ETF (JETS) is an exchange-traded fund that is based on the Stuttgart US Global Jets (USD) index. The fund invests in both US and non-US airline companies. This concentrated portfolio is weighted towards domestic passenger airlines. JETS was launched on Apr 28, 2015 and is managed by US Global.

Further Reading

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