U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report) saw strong trading volume on Thursday . 2,993,868 shares changed hands during mid-day trading, a decline of 25% from the previous session’s volume of 3,977,204 shares.The stock last traded at $28.4370 and had previously closed at $27.80.
U.S. Global Jets ETF Trading Up 1.9%
The stock has a market capitalization of $696.77 million, a price-to-earnings ratio of 9.62 and a beta of 1.18. The firm has a 50-day moving average of $30.29 and a 200-day moving average of $28.46.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Highland Investment Advisors LLC acquired a new stake in shares of U.S. Global Jets ETF in the second quarter worth $167,000. Rathbones Group PLC acquired a new position in shares of U.S. Global Jets ETF in the first quarter worth about $228,000. Ibex Wealth Advisors purchased a new stake in shares of U.S. Global Jets ETF during the 1st quarter worth about $323,000. Janney Montgomery Scott LLC grew its holdings in U.S. Global Jets ETF by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 43,307 shares of the company’s stock valued at $1,067,000 after purchasing an additional 3,871 shares during the period. Finally, AdvisorNet Financial Inc grew its stake 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 acquiring an additional 4,708 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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