U.S. Global Jets ETF (NYSEARCA:JETS) Stock Passes Above Fifty Day Moving Average – Here’s Why

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 $27.33 and traded as high as $29.09. U.S. Global Jets ETF shares last traded at $29.01, with a volume of 5,591,471 shares.

U.S. Global Jets ETF Trading Down 0.1%

The firm’s fifty day moving average is $27.33 and its 200-day moving average is $25.85. The stock has a market capitalization of $793.42 million, a PE ratio of 9.62 and a beta of 1.33.

U.S. Global Jets ETF Announces Dividend

The business also recently disclosed 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 Trading of U.S. Global Jets ETF

Several institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted 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 buying an additional 500 shares during the period. Janney Montgomery Scott LLC increased its stake in U.S. Global Jets ETF by 3.7% in the second quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock valued at $290,000 after purchasing an additional 450 shares during the last quarter. RPg Family Wealth Advisory LLC raised its stake in 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 worth $650,000 after acquiring an additional 838 shares in the last quarter. SG Americas Securities LLC acquired a new position in U.S. Global Jets ETF in the fourth quarter valued at $995,000. Finally, Leuthold Group LLC increased its position in U.S. Global Jets ETF by 2.6% during the second quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock worth $1,228,000 after buying an additional 1,380 shares during the period.

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.