U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 1-Year High – Time to Buy?

U.S. Global Jets ETF (NYSEARCA:JETS) reached a new 52-week high on Thursday . The company traded as high as $25.86 and last traded at $25.66, with a volume of 724639 shares. The stock had previously closed at $25.00.

U.S. Global Jets ETF Price Performance

The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18. The business’s 50-day moving average price is $22.88 and its 200 day moving average price is $20.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Family Firm Inc. acquired a new position in U.S. Global Jets ETF during the 2nd quarter worth $75,000. Halpern Financial Inc. bought a new position in shares of U.S. Global Jets ETF during the third quarter worth about $140,000. Finally, Flow Traders U.S. LLC grew its stake in U.S. Global Jets ETF by 186.7% in the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after purchasing an additional 92,939 shares in the last quarter.

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.