Shares of U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $26.54 and traded as high as $27.54. U.S. Global Jets ETF shares last traded at $26.75, with a volume of 6,248,429 shares trading hands.
U.S. Global Jets ETF Stock Performance
The firm has a market capitalization of $878.74 million, a P/E ratio of 9.62 and a beta of 1.19. The firm has a 50-day moving average of $26.54 and a 200-day moving average of $26.84.
Hedge Funds Weigh In On U.S. Global Jets ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of U.S. Global Jets ETF during the 4th quarter valued at $995,000. Flow Traders U.S. LLC bought a new position in shares of U.S. Global Jets ETF during the 3rd quarter valued at $8,584,000. RPg Family Wealth Advisory LLC lifted its holdings in shares of U.S. Global Jets ETF by 9.6% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 30,999 shares of the company’s stock valued at $764,000 after buying an additional 2,711 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of U.S. Global Jets ETF by 1,730.9% during the 1st quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock valued at $123,000 after buying an additional 4,708 shares during the period. Finally, Quantitative Investment Management LLC bought a new position in shares of U.S. Global Jets ETF during the 4th quarter valued at $3,833,000.
U.S. Global Jets ETF Company Profile
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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