U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $28.31 and traded as high as $33.60. U.S. Global Jets ETF shares last traded at $33.23, with a volume of 1,544,601 shares.
U.S. Global Jets ETF Stock Performance
The company has a fifty day moving average of $28.31 and a two-hundred day moving average of $27.86. The firm has a market capitalization of $958.69 million, a price-to-earnings ratio of 9.62 and a beta of 1.18.
Institutional Investors Weigh In On U.S. Global Jets ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ares Financial Consulting LLC bought a new stake in shares of U.S. Global Jets ETF in the fourth quarter valued at about $49,000. IFC & Insurance Marketing Inc. bought a new position in U.S. Global Jets ETF during the fourth quarter worth about $85,000. NewEdge Advisors LLC raised its stake 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 worth $66,000 after purchasing an additional 500 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in U.S. Global Jets ETF by 1,730.9% in the 1st quarter. AdvisorNet Financial Inc now owns 4,980 shares of the company’s stock valued at $123,000 after purchasing an additional 4,708 shares during the period. Finally, Private Trust Co. NA boosted its holdings in U.S. Global Jets ETF by 48.1% in the 4th quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock valued at $208,000 after purchasing an additional 2,403 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.
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