U.S. Global Jets ETF (NYSEARCA:JETS) Hits New 1-Year High – Should You Buy?

U.S. Global Jets ETF (NYSEARCA:JETS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $26.72 and last traded at $26.54, with a volume of 328023 shares trading hands. The stock had previously closed at $26.19.

U.S. Global Jets ETF Stock Down 1.2 %

The company’s fifty day simple moving average is $25.25 and its 200 day simple moving average is $21.84. The firm has a market capitalization of $1.69 billion, a PE ratio of 26.39 and a beta of 1.18.

Institutional Trading of U.S. Global Jets ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Halpern Financial Inc. purchased a new stake in U.S. Global Jets ETF during the 3rd quarter valued at about $140,000. Flow Traders U.S. LLC lifted its stake in shares of U.S. Global Jets ETF by 186.7% in the third quarter. Flow Traders U.S. LLC now owns 142,713 shares of the company’s stock worth $2,957,000 after buying an additional 92,939 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of U.S. Global Jets ETF by 656.8% during the fourth quarter. Avior Wealth Management LLC now owns 1,438 shares of the company’s stock valued at $36,000 after buying an additional 1,248 shares during 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.