JPMorgan Chase & Co. Sells 729,060 Shares of U.S. Global Jets ETF $JETS

JPMorgan Chase & Co. trimmed its position in U.S. Global Jets ETF (NYSEARCA:JETS) by 20.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,905,784 shares of the company’s stock after selling 729,060 shares during the period. JPMorgan Chase & Co. owned about 0.09% of U.S. Global Jets ETF worth $71,628,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JETS. NewEdge Advisors LLC increased its holdings in U.S. Global Jets ETF by 18.8% during the 1st 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. RPg Family Wealth Advisory LLC grew its position in shares of U.S. Global Jets ETF by 3.1% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock valued at $650,000 after purchasing an additional 838 shares in the last quarter. Finally, Leuthold Group LLC grew its position in shares of U.S. Global Jets ETF by 2.6% during the 2nd quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock valued at $1,228,000 after purchasing an additional 1,380 shares in the last quarter.

U.S. Global Jets ETF Stock Performance

U.S. Global Jets ETF stock opened at $28.82 on Wednesday. U.S. Global Jets ETF has a fifty-two week low of $17.11 and a fifty-two week high of $31.33. The stock has a market cap of $857.40 million, a P/E ratio of 9.62 and a beta of 1.33. The firm’s fifty day moving average price is $28.97 and its 200-day moving average price is $26.78.

U.S. Global Jets ETF Announces Dividend

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

U.S. Global Jets ETF 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.