U.S. Global Jets ETF (NYSEARCA:JETS) Reaches New 12-Month High – Still a Buy?

Shares of U.S. Global Jets ETF (NYSEARCA:JETS) reached a new 52-week high on Tuesday . The company traded as high as $29.68 and last traded at $29.4750, with a volume of 2323429 shares changing hands. The stock had previously closed at $28.93.

U.S. Global Jets ETF Trading Up 1.3%

The stock has a market capitalization of $936.04 million, a PE ratio of 9.62 and a beta of 1.33. The firm’s 50-day moving average price is $28.16 and its 200-day moving average price is $26.16.

U.S. Global Jets ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a $0.2329 dividend. This represents a dividend yield of 82.0%. The ex-dividend date was Wednesday, December 24th.

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

Hedge funds have recently added to or reduced their stakes in the business. Ares Financial Consulting LLC purchased a new stake in shares of U.S. Global Jets ETF during the fourth quarter worth about $49,000. Private Trust Co. NA increased its position in shares of U.S. Global Jets ETF by 48.1% during the 4th quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock worth $208,000 after purchasing an additional 2,403 shares during the last quarter. SG Americas Securities LLC purchased a new stake in U.S. Global Jets ETF in the fourth quarter valued at approximately $995,000. Flow Traders U.S. LLC purchased a new position in shares of U.S. Global Jets ETF in the third quarter valued at approximately $8,584,000. Finally, Quadrature Capital Ltd acquired a new position in U.S. Global Jets ETF during the 3rd quarter worth $6,509,000.

About U.S. Global Jets ETF

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.