U.S. Global Jets ETF (NYSEARCA:JETS) Share Price Crosses Below 50-Day Moving Average – Here’s Why

U.S. Global Jets ETF (NYSEARCA:JETS) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $28.01 and traded as low as $27.75. U.S. Global Jets ETF shares last traded at $28.42, with a volume of 4,673,489 shares changing hands.

U.S. Global Jets ETF Price Performance

The company’s 50-day simple moving average is $28.01 and its two-hundred day simple moving average is $26.10. The firm has a market capitalization of $908.02 million, a P/E ratio of 9.62 and a beta of 1.33.

U.S. Global Jets ETF Dividend Announcement

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

Institutional Trading of U.S. Global Jets ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JETS. NewEdge Advisors LLC lifted its position 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 buying an additional 500 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in U.S. Global Jets ETF by 3.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 12,617 shares of the company’s stock worth $290,000 after acquiring an additional 450 shares during the period. JPMorgan Chase & Co. lifted its holdings in U.S. Global Jets ETF by 24.9% during the second quarter. JPMorgan Chase & Co. now owns 3,634,844 shares of the company’s stock valued at $83,492,000 after purchasing 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 worth $1,228,000 after purchasing an additional 1,380 shares during the period. Finally, RPg Family Wealth Advisory LLC boosted its position in shares of U.S. Global Jets ETF by 3.1% in the second quarter. RPg Family Wealth Advisory LLC now owns 28,288 shares of the company’s stock worth $650,000 after purchasing an additional 838 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.