U.S. Global Jets ETF (NYSEARCA:JETS) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of U.S. Global Jets ETF (NYSEARCA:JETS) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $25.14 and traded as high as $26.31. U.S. Global Jets ETF shares last traded at $26.19, with a volume of 1,980,139 shares.

U.S. Global Jets ETF Trading Up 0.7 %

The company has a 50 day simple moving average of $25.14 and a 200-day simple moving average of $21.69. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 26.39 and a beta of 1.18.

Institutional Trading of U.S. Global Jets ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC increased its position in U.S. Global Jets ETF by 656.8% during the fourth quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock worth $36,000 after buying an additional 1,248 shares during the last quarter. Halpern Financial Inc. acquired a new position in U.S. Global Jets ETF during the third quarter worth approximately $140,000. Finally, Flow Traders U.S. LLC increased its position in U.S. Global Jets ETF by 186.7% during the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after buying an additional 92,939 shares during 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.