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

U.S. Global Jets ETF (NYSEARCA:JETS) reached a new 52-week high during trading on Monday . The stock traded as high as $29.14 and last traded at $29.1130, with a volume of 695442 shares changing hands. The stock had previously closed at $28.74.

U.S. Global Jets ETF Stock Up 1.5%

The business has a fifty day moving average of $25.84 and a 200 day moving average of $25.00. The firm has a market cap of $952.56 million, a P/E ratio of 9.62 and a beta of 1.33.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Flow Traders U.S. LLC acquired a new position in U.S. Global Jets ETF in the 3rd quarter valued at approximately $8,584,000. Quadrature Capital Ltd acquired a new position in U.S. Global Jets ETF in the third quarter valued at approximately $6,509,000. RPg Family Wealth Advisory LLC grew its holdings in U.S. Global Jets ETF by 9.6% in the third quarter. RPg Family Wealth Advisory LLC now owns 30,999 shares of the company’s stock worth $764,000 after purchasing an additional 2,711 shares during the period. Leuthold Group LLC grew its stake in shares of U.S. Global Jets ETF by 2.6% in the 2nd quarter. Leuthold Group LLC now owns 53,461 shares of the company’s stock valued at $1,228,000 after buying an additional 1,380 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake 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 valued at $83,492,000 after buying an additional 724,885 shares in the last quarter.

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.