U.S. Global Jets ETF (NYSEARCA:JETS – Get Free Report)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $27.85 and traded as high as $28.48. U.S. Global Jets ETF shares last traded at $28.05, with a volume of 4,729,640 shares traded.
U.S. Global Jets ETF Trading Up 4.2%
The firm has a market cap of $873.76 million, a price-to-earnings ratio of 9.62 and a beta of 1.22. The stock has a 50-day moving average of $27.85 and a two-hundred day moving average of $28.39.
Institutional Trading of U.S. Global Jets ETF
Hedge funds have recently bought and sold shares of the company. Highland Investment Advisors LLC acquired a new position in shares of U.S. Global Jets ETF in the second quarter worth about $167,000. Rathbones Group PLC purchased a new position in shares of U.S. Global Jets ETF in the first quarter worth approximately $228,000. Janney Montgomery Scott LLC raised its holdings in shares of U.S. Global Jets ETF by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 43,307 shares of the company’s stock valued at $1,067,000 after acquiring an additional 3,871 shares during the period. Finally, Ibex Wealth Advisors acquired a new stake in shares of U.S. Global Jets ETF during the first quarter valued at approximately $323,000.
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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