U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $33.98 and last traded at $33.93, with a volume of 914787 shares changing hands. The stock had previously closed at $33.40.
U.S. Global Jets ETF Stock Performance
The company has a market cap of $799.75 million, a price-to-earnings ratio of 9.62 and a beta of 1.19. The company has a fifty day moving average of $30.99 and a two-hundred day moving average of $28.40.
Institutional Investors Weigh In On U.S. Global Jets ETF
A number of hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in shares of 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 worth $66,000 after purchasing an additional 500 shares during the period. Ares Financial Consulting LLC bought a new position in U.S. Global Jets ETF during the fourth quarter valued at $49,000. Private Trust Co. NA increased its position in U.S. Global Jets ETF by 48.1% in the fourth quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock worth $208,000 after buying an additional 2,403 shares during the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in U.S. Global Jets ETF in the fourth quarter worth $85,000. Finally, RPg Family Wealth Advisory LLC raised its stake in shares of U.S. Global Jets ETF by 10.5% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 34,257 shares of the company’s stock valued at $962,000 after buying an additional 3,258 shares during the period.
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.
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