Flow Traders U.S. LLC Takes $8.58 Million Position in U.S. Global Jets ETF $JETS

Flow Traders U.S. LLC bought a new stake in U.S. Global Jets ETF (NYSEARCA:JETS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 348,223 shares of the company’s stock, valued at approximately $8,584,000. Flow Traders U.S. LLC owned 1.07% of U.S. Global Jets ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JETS. Quadrature Capital Ltd purchased a new stake in U.S. Global Jets ETF in the third quarter valued at approximately $6,509,000. RPg Family Wealth Advisory LLC grew its position in shares of U.S. Global Jets ETF by 9.6% during the third quarter. RPg Family Wealth Advisory LLC now owns 30,999 shares of the company’s stock worth $764,000 after acquiring an additional 2,711 shares during the last quarter. Leuthold Group LLC increased its holdings in shares of U.S. Global Jets ETF by 2.6% in the 2nd quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock valued at $1,228,000 after acquiring an additional 1,380 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of U.S. Global Jets ETF by 24.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock valued at $83,492,000 after acquiring an additional 724,885 shares during the period. Finally, NewEdge Advisors LLC raised its position in U.S. Global Jets ETF by 18.8% in the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the last quarter.

U.S. Global Jets ETF Price Performance

Shares of NYSEARCA:JETS opened at $24.05 on Monday. The stock has a market cap of $715.49 million, a P/E ratio of 9.62 and a beta of 1.33. The firm has a fifty day moving average price of $28.49 and a 200 day moving average price of $26.88. U.S. Global Jets ETF has a 1-year low of $17.11 and a 1-year high of $31.33.

U.S. Global Jets ETF Dividend Announcement

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

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.