U.S. Global Jets ETF (NYSEARCA:JETS) Reaches New 12-Month High – Still a Buy?

Shares of U.S. Global Jets ETF (NYSEARCA:JETS) hit a new 52-week high during trading on Monday . The stock traded as high as $31.30 and last traded at $31.1350, with a volume of 778465 shares traded. The stock had previously closed at $31.16.

U.S. Global Jets ETF Trading Down 0.5%

The stock’s 50-day moving average price is $28.47 and its two-hundred day moving average price is $26.30. The stock has a market capitalization of $921.95 million, a P/E ratio of 9.62 and a beta of 1.33.

U.S. Global Jets ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a $0.2329 dividend. This represents a yield of 82.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On U.S. Global Jets ETF

Several large investors have recently added to or reduced their stakes in JETS. NewEdge Advisors LLC raised its stake in shares of U.S. Global Jets ETF by 18.8% during the 1st quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the period. Janney Montgomery Scott LLC increased its position in shares of U.S. Global Jets ETF by 3.7% during the second quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock valued at $290,000 after buying an additional 450 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of U.S. Global Jets ETF by 24.9% in the second quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock worth $83,492,000 after buying an additional 724,885 shares in the last quarter. Leuthold Group LLC boosted its position in shares of U.S. Global Jets ETF by 2.6% in the second quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock valued at $1,228,000 after acquiring an additional 1,380 shares during the period. Finally, RPg Family Wealth Advisory LLC grew its stake in U.S. Global Jets ETF by 3.1% during the second quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock valued at $650,000 after acquiring an additional 838 shares in the last quarter.

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.