U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 1-Year High – What’s Next?

U.S. Global Jets ETF (NYSEARCA:JETS)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $31.36 and last traded at $31.28, with a volume of 1504938 shares trading hands. The stock had previously closed at $31.00.

U.S. Global Jets ETF Price Performance

The stock has a fifty day simple moving average of $27.38 and a two-hundred day simple moving average of $27.57. The firm has a market capitalization of $906.36 million, a P/E ratio of 9.62 and a beta of 1.19.

Institutional Trading of U.S. Global Jets ETF

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in U.S. Global Jets ETF by 18.8% in the first quarter. NewEdge Advisors LLC now owns 3,164 shares of the company’s stock valued at $66,000 after acquiring an additional 500 shares during the period. Ares Financial Consulting LLC bought a new position in shares of U.S. Global Jets ETF during the 4th quarter worth approximately $49,000. Private Trust Co. NA boosted its position in U.S. Global Jets ETF by 48.1% in the fourth quarter. Private Trust Co. NA now owns 7,403 shares of the company’s stock worth $208,000 after purchasing an additional 2,403 shares during the last quarter. RPg Family Wealth Advisory LLC grew its position in U.S. Global Jets ETF by 9.6% during the third quarter. RPg Family Wealth Advisory LLC now owns 30,999 shares of the company’s stock valued at $764,000 after buying an additional 2,711 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new position in shares of U.S. Global Jets ETF during the 4th quarter valued at approximately $85,000.

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.